Replication data for: Microfinance Games

Principal Investigator(s): View help for Principal Investigator(s) Xavier Giné; Pamela Jakiela; Dean Karlan; Jonathan Morduch

Version: View help for Version V1

Name	File Type	Size	Last Modified
AEJApp20070006_analysis.do	text/plain	13.1 KB	10/12/2019 11:12:AM
AEJApp20070006censusdata.dta	application/octet-stream	207.8 KB	10/12/2019 11:12:AM
AEJApp20070006dyadsdata.dta	application/octet-stream	21.6 MB	10/12/2019 11:12:AM
AEJApp20070006gamedata.dta	application/octet-stream	6.3 MB	10/12/2019 11:12:AM
AEJApp20070006readme.pdf	application/pdf	24.7 KB	10/12/2019 11:12:AM
LICENSE.txt	text/plain	14.6 KB	10/12/2019 11:12:AM

Project Citation:

Giné, Xavier, Jakiela, Pamela, Karlan, Dean, and Morduch, Jonathan. Replication data for: Microfinance Games. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113760V1

Project Description

Summary: Microfinance banks use group-based lending contracts to strengthen borrowers' incentives for diligence, but the contracts are vulnerable to free-riding and collusion. We systematically unpack microfinance mechanisms through ten experimental games played in an experimental economics laboratory in urban Peru. Risk-taking broadly conforms to theoretical predictions, with dynamic incentives strongly reducing risk-taking even without group-based mechanisms. Group lending increases risk-taking, especially for risk-averse borrowers, but this is moderated when borrowers form their own groups. Group contracts benefit borrowers by creating implicit insurance against investment losses, but the costs are borne by other borrowers, especially the most risk averse. (JEL D82, G21, G31, O16)

Scope of Project

JEL Classification:
      D82 Asymmetric and Private Information; Mechanism Design
      G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
      G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
      O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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V1 [2019-10-12]

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