Post by arfankj4 on Mar 9, 2024 23:19:40 GMT -5
We show that this leads to inflated retail prices excessive adoption of the intermediaries services over investment in benefits to buyers and a reduction in consumer surplus and sometimes welfare. Competition among intermediaries intensifies these problems by increasing the magnitude of their effects and broadening the circumstances in which they arise.
We discuss applications to payment card systems travel reservation systems rebate services and various other intermediaries. Download working paper benedelman.org publications pricecoherence .pdf pdf Finance and Social Responsibility in the Informal Economy Institutional Voids Globalization and Microfinance Poland Mobile Number List Institutions By Liang Hao Christopher Marquis and Sunny Li Sun ABSTRACT—We examine the heterogeneous effects of globalization on the interest rate setting by microfinance institutions MFIs around the world. We consider MFIs as a mechanism to overcome the institutional void of credit for small entrepreneurs in developing and emerging economies.
Using a large global panel of MFIs from countries we find that social globalization that embraces egalitarian institutions on average reduces MFIs interest rates. that embraces neoliberal institutions on average increases MFIs interest rates. Moreover the proportions of female borrowers and of poorer borrowers negatively moderate the relationship between social globalization and MFI interest rate and positively moderate the relationship between economic globalization and MFI interest rate.
We discuss applications to payment card systems travel reservation systems rebate services and various other intermediaries. Download working paper benedelman.org publications pricecoherence .pdf pdf Finance and Social Responsibility in the Informal Economy Institutional Voids Globalization and Microfinance Poland Mobile Number List Institutions By Liang Hao Christopher Marquis and Sunny Li Sun ABSTRACT—We examine the heterogeneous effects of globalization on the interest rate setting by microfinance institutions MFIs around the world. We consider MFIs as a mechanism to overcome the institutional void of credit for small entrepreneurs in developing and emerging economies.
Using a large global panel of MFIs from countries we find that social globalization that embraces egalitarian institutions on average reduces MFIs interest rates. that embraces neoliberal institutions on average increases MFIs interest rates. Moreover the proportions of female borrowers and of poorer borrowers negatively moderate the relationship between social globalization and MFI interest rate and positively moderate the relationship between economic globalization and MFI interest rate.