On Designs Of Rotating Savings And Credit Associations
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On Designs Of Rotating Savings And Credit Associations
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Author : Ning Neil Yu
language : en
Publisher:
Release Date : 2013
On Designs Of Rotating Savings And Credit Associations written by Ning Neil Yu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Auction mechanisms are widely recognized to improve allocation efficiency in various economic environments, but the literature on rotating savings and credit associations (ROSCAs) has yet to identify circumstances in which bidding ROSCAs achieve first-best allocations of funds. This paper discusses how well different ROSCA designs serve to promote welfare for small business entrepreneurs by accelerating investments. While random and discount bidding ROSCAs improve upon autarky, premium bidding ROSCAs and some particular fixed ROSCAs can further establish efficiency despite incomplete information about investment returns. Actually, premium bidding ROSCAs are indiscriminately superior to random ROSCAs, i.e., an agent never prefers a random ROSCA, no matter what strategies other members will adopt. This belief-robust ordering of mechanisms is illuminating in broader contexts such as partnership dissolving. As economic development differentiate economic opportunities, we expect more ROSCAs to embrace auction designs, bridging borrowers and lenders with endogenous interest rates.
A Bibliographical Survey Of Rotating Savings And Credit Associations
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Author : Alaine Low
language : en
Publisher:
Release Date : 1995
A Bibliographical Survey Of Rotating Savings And Credit Associations written by Alaine Low and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Essays On Rotating Savings And Credit Associations
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Author : Stefan Klonner
language : en
Publisher:
Release Date : 2001
Essays On Rotating Savings And Credit Associations written by Stefan Klonner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
You Can T Save Alone
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Author : Mary Kay Gugerty
language : en
Publisher:
Release Date : 2013
You Can T Save Alone written by Mary Kay Gugerty and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This paper examines one reason why individuals develop and maintain local-level financial savings organizations known as rotating savings and credit organizations, or roscas. Economic theories suggest that individuals form roscas to finance the purchase of a lumpy durable good, in response to intrahousehold conflict over savings, or to provide themselves with insurance. The paper proposes an additional hypothesis for rosca participation: saving requires discipline and some roscas may be formed to provide a collective mechanism for commitment in the presence of time-inconsistent preferences. Data from 70 roscas located in western Kenya indicate that the commitment hypothesis is plausible and broadly consistent with the design and patterns of participation in these roscas. As many rosca participants put it: “you can't save alone”
The Economics Of Rotating Savings And Credit Associations
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Author : Timothy Besley
language : en
Publisher:
Release Date : 1990
The Economics Of Rotating Savings And Credit Associations written by Timothy Besley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Credit categories.
This paper examines the role and performance of an institution for allocating savings which is observed world wide - rotating savings and credit associations. We develop a general equilibrium model of an economy with an indivisible durable consumption good and compare and contrast these informal institutions with credit markets and autarkic saving in terms of the properties of their allocations and the expected utility which they obtain. We also characterize Pareto efficient and expected utility maximizing allocations for our economy, which serve as useful benchmarks for the analysis. Among our results is the striking finding that rotating savings and credit associations which allocate funds randomly may sometimes yield a higher level of expected utility to prospective participants than would a perfect credit market.
On The Allocative Performance Of Rotating Savings And Credit Associations
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Author : Timothy Besley
language : en
Publisher:
Release Date : 1992
On The Allocative Performance Of Rotating Savings And Credit Associations written by Timothy Besley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Credit categories.
A Bibliographical Survey Of Rotating Savings And Credit Associations
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Author : Alaine Low
language : en
Publisher: Oxfam
Release Date : 1995
A Bibliographical Survey Of Rotating Savings And Credit Associations written by Alaine Low and has been published by Oxfam this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
In many countries in Africa and Asia, rotating savings and credit associations underpin much of the economy. This survey covers the wide range of literature on these associations. Published with Centre for Cross-Cultural Research on Women.
Money Go Rounds
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Author : Shirley Ardener
language : en
Publisher: Berg Publishers
Release Date : 1995-05
Money Go Rounds written by Shirley Ardener and has been published by Berg Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-05 with Business & Economics categories.
This unique volume of case studies, by an international group of experts, examines ROSCAs on a worldwide basis. It will be of interest to anyone concerned with anthropology, economics, women's issues and the welfare of less developed countries.
Rotating Savings And Credit Associations
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Author : Heiko Schrader
language : en
Publisher:
Release Date : 1991
Rotating Savings And Credit Associations written by Heiko Schrader and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Credit unions categories.
Research Planning And Action For The Elderly
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Author : Donald Peterson Kent
language : en
Publisher: Behavioral Publishing Company
Release Date : 1972
Research Planning And Action For The Elderly written by Donald Peterson Kent and has been published by Behavioral Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Political Science categories.