Nov 2020
In village economies, insurance networks are key to smoothing shocks, while production networks can propagate them. The interplay of these networks is crucial. We show that a significant health…
Dec 2019
Limited information about borrowers may create allocative distortions in credit markets. Community-based lending programs may reduce these distortions by exploiting relevant information available to…
Aug 2018
Decentralizing the allocation of resources to community members is an increasingly popular form of delivering public resources in developing countries. However, this approach is associated with the…