This paper examines the nature of information asymmetry in online peer-to-peer (P2P) lending markets. These markets use the Internet to match individual borrowers and lenders of consumer loans without financial institutions as intermediaries. Like other anonymous interactions, P2P lending may face additional information asymmetry as compared to offline because P2P lenders have less access to “h...

Abstract Two intermediary-based factors—a corporate bond dealer inventory measure and a broad intermediary distress measure—explain more than 40$\%$ of the puzzling common variation in credit spread changes beyond canonical structural factors. A simple model with partial market segmentation accounts for factors’ explanatory power delivers three further implications empirical support. First, whe...

This paper, based on a field investigation in rural West Bengal, aims to identify possible ways which can enhance the farm income of marginal farmers. It is observed that micro-credit system under joint liability credit contract play dominant role during time disbursement institutional credit, but availability and size this mainly depend operational holdings households. also provided through sy...

In the year 2006 the “Instituto Universitario Autónomo del Sur” decided to introduce a modification in the curricula of its Computer Science careers. Such modification was based on the guidelines of the Bologna process, particularly on the adoption of a credit system similar to the ECTS (European Credit Transfer System). The authors of this article saw this institutional decision as an opportun...

It is now common in the institutional economics literature to define institutions in the very general sense of rules of structured social interaction. In any society there is, of course, a plethora of such rules (including those that undergird even a so-called free market economy). In the context of economic development the focus is on those rules that act as a substitute for missing markets in...

This article argues that the relatively new field of personnel economics (PE) holds strong potential as a tool for studying public sector workforces. This subfield of labor economics is based on a strong foundation of microeconomics, which provides a robust theoretical foundation for studying workforce and organizational design issues. PE has evolved on this foundation to a strong practical emp...

It is a matter of great pleasure for me to extend, on behalf of the ICAR and on my personal behalf, a warm welcome to all, especially to our very distinguished delegates who have traveled from various parts of the world to participate in the Conference. I am glad to share with you that the Conference is being held at a time when our Central Institute on Buffalo Research has completed 25 years o...

In several jurisdictions, rules on interest rate ceilings usually treated under the concept of “usury laws” are an important part of the regulation of consumer credit, not without a constant controversy about the real bene ts to debtors, especially those with fewer resources. At rst glance, the Chilean regime of interest rate ceilings seems to be particularly robust since it considers four di e...

This study identified input, environmental, and output variables accounting for differences between successful and unsuccessful groups of underprepared students at Johnson County Community College (Kansas). The study applied an adaptation of Alexander Astin's input-environment-output model of assessing student and institutional effectiveness. "Underprepared" students (n=313) were defined as ear...