Segmentation in the informal credit markets: the case of the Philippines
研究了菲律宾非正规信贷市场中借贷双方按职业专长匹配以降低交易成本的现象，回归结果支持农民放贷人匹配非农借款人、商人放贷人匹配农民借款人的规律。
This paper explains market segmentation that occurs in the Philippine informal credit markets through the matching of borrowers and lenders by their occupational specializations to internalize transaction costs and facilitate economic activity. The regression results support a predictable pattern of matching farmer lenders with borrowers specialized in non-farm activities and trader lenders with borrowers specialized in farming.