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The Economic Theory of Agrarian Institutions$
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Pranab Bardhan

Print publication date: 1991

Print ISBN-13: 9780198287629

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198287623.001.0001

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Institutional Analysis of Credit Co‐Operatives

Institutional Analysis of Credit Co‐Operatives

(p.340) 17. Institutional Analysis of Credit Co‐Operatives
The Economic Theory of Agrarian Institutions

Avishay Braverman

J. Luis Guasch

Oxford University Press

In this chapter, the authors present an analysis of the motivation, formation, and design of credit cooperatives and show how their degree of success is likely to depend crucially on the particular incentive schemes, extent of control over resources, quality monitoring, and enforcement of punishment rules.

Keywords:   credit allocation, credit cooperatives, enforcement, incentives, institutional design, moral hazard, quality monitoring, rules

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