A TRANSACTION COST MODEL OF FORMAL AND INFORMAL MARKETS FOR RURAL CREDIT

James Roumasset and Scott Simons

No 278055, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A mOdel is developed that describes formal and in-Formal rural credit markets in terms of transaction costs of lenders. Stimulating agricultural investment with subsidized , formal loans is shown to incur signi.ficant efficiency costs by drawing credit away from high productivity investments in - the unsubsidized sector.

Keywords: Marketing; Public Economics (search for similar items in EconPapers)
Pages: 14
Date: 1986-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278055

DOI: 10.22004/ag.econ.278055

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