| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16779 |
| DP16779 The Welfare Effects of Law Enforcement in the Illegal Money Lending Market | |
| Kaiwen Leong; Huailu Li; Nicola Pavanini; Christoph Walsh | |
| 发表日期 | 2022-04-23 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We estimate a structural model of borrowing and lending in the illegal money lending market using a unique panel survey of 1,090 borrowers taking out 11,032 loans from loan sharks. We use the model to evaluate the welfare effects of alternative law enforcement strategies. We find that a large enforcement crackdown that occurred during our sample period raised interest rates, lowered the volume of loans, increased the lenders’ unit cost of harassment, decreased lender profits, and decreased borrower welfare. We compare this strategy to targeting borrowers and find that targeting medium-performing borrowers is the most effective at lowering lender profits. |
| 主题 | Financial Economics ; Industrial Organization |
| 关键词 | Illegal moneylending Loan sharks Law enforcement Crime |
| URL | https://cepr.org/publications/dp16779-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546246 |
| 推荐引用方式 GB/T 7714 | Kaiwen Leong,Huailu Li,Nicola Pavanini,et al. DP16779 The Welfare Effects of Law Enforcement in the Illegal Money Lending Market. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
