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Market Structure and Borrower Welfare in Microfinance
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
Number of Authors: 32018 (English)In: Economic Journal, ISSN 0013-0133, E-ISSN 1468-0297, Vol. 128, no 610, p. 1019-1046Article in journal (Refereed) Published
Abstract [en]

Motivated by recent controversies surrounding the role of commercial lenders in microfinance, and calls for regulation of the sector, we analyse borrower welfare under different market structures, considering a benevolent non-profit lender, a for-profit monopolist and a competitive credit market. To understand the magnitude of the effects analysed, we simulate the model with parameters estimated from the MIX Market database. Our results suggest that market power can have severe implications for borrower welfare, while despite possible enforcement externalities competition typically delivers similar borrower welfare to non-profit lending.

Place, publisher, year, edition, pages
2018. Vol. 128, no 610, p. 1019-1046
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-156615DOI: 10.1111/ecoj.12591ISI: 000431508100004OAI: oai:DiVA.org:su-156615DiVA, id: diva2:1210386
Conference
Annual Conference of the Royal-Economic-Society (RES), University of Bristol, UK, April 10-12, 2017
Available from: 2018-05-28 Created: 2018-05-28 Last updated: 2018-05-28Bibliographically approved

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