Recent Submissions

  • Growing Pains in financial development : institutional weakness and investment efficiency 

    Green, Daniel (Daniel Weiss); Liu, Ernest Siyuan (Massachusetts Institute of Technology, 2017)
    There is little evidence that the expansion of microfinance has reduced poverty, but is instead increasingly associated with problematic multiple borrowing at high interest rates and high levels of debt and default. We ...
  • Private information and price regulation In the US credit card market 

    Nelson, Scott Thomas (Massachusetts Institute of Technology, 2017)
    Lenders typically learn new information about their borrowers over time but can be restricted from repricing debt in response to this information. I study a leading example of such re-pricing restrictions, the 2009 Credit ...
  • Supply response to consumer inertia : strategic pricing in Medicare Part D 

    Wu, Yufei, Ph. D. Massachusetts Institute of Technology (Massachusetts Institute of Technology, 2016)
    A growing literature has documented evidence that consumers in health insurance markets are inertial, or behave as though they face substantial switching costs in choosing a health insurance plan. I investigate whether the ...

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