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We design an experiment to study the role of (a)symmetry in the context of group lending with joint liability. The performance of joint-liability contracts crucially hinges on borrowers engaging in peer monitoring. We find that asymmetric contracts,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=narcis______::3504cb397e3902e773e47e742ec00dd0
https://research.tilburguniversity.edu/en/publications/918d8091-4038-4d14-af04-84076368f1fd
https://research.tilburguniversity.edu/en/publications/918d8091-4038-4d14-af04-84076368f1fd