Formal financial institutions failed to reach the poorer sections of the rural society due to informational asymmetry, moral hazard and enforcement problems. The necessity of having alternative rural credit systems which will solve the problems of rural credit institutions is clearly warranted. Micro finance institutions are seen to have characteristics that help solve the problems moral hazard...

Several image mosaicing algorithms claiming to advance the state of the art have been proposed so far. Though sometimes improvements can be recognised without quantitative evidences, the importance of a principled methodology to compare different algorithms is essential as this discipline evolves. Which is the best? What means the best? How to ascertain the supremacy? To answer such questions, ...

The present study investigated the significance of mobile learning (m-learning) of English vocabulary items through a traditional contrasted with a blended method of content representation. To achieve the goals, sixty semi-illiterate adults were evaluated for their knowledge of the English alphabet and then randomly placed in two groups: traditional (G1) and the blended group (G2). Next, they w...

The art of cryptography is considered to be born along with the art of writing. As civilizations evolved, human beings got organized in tribes, groups, and kingdoms. This led to the emergence of ideas such as power, battles, supremacy, and politics. These ideas further fueled the natural need of people to communicate secretly with selective recipient which in turn ensured the continuous evoluti...

The "law and finance theory" predicts that the common law system provides the best basis for financial development and economic growth, followed by Scandinavian and German origin civil law and finally French origin civil law. Referring to a number of sceptical views, this paper argues that the theory faces an identification problem, since the majority of common law countries have a market-based...

This article investigates the role of common-knowledge in the principal-agent model under asymmetric information. We treat the problem: How the common-knowledge condition will be able to settle a moral hazard problem in the principal-agents model under asymmetric information. We shall propose a solution program for the moral hazard in the principal-agents model under asymmetric information by c...

There exists the problem of information asymmetry among the participants in construction project who form economic partnerships one another. Information asymmetries among the participants in construction project places a premium on adverse selection and moral hazard. The major objective of this article is to implement the mechanisms of incentive and monitoring under the framework of principal-a...