This paper asks whether a hybrid contract, which combines joint liability with an individual collateral requirement, could resolve tradeoﬀs between collateralized individual loans that exclude those who lack the requisite collateral assets or are unwilling to put them at risk and joint liability loans that are subject to moral hazard and freeriding.
A set of RCTs in Tanzania tested the impact of a telephone directory on business and agricultural households. Enterprises saw large increases in calls and mobile money. Households increased search activities and the use of mobile phones for business, with some evidence of improved farming outcomes.
Small-scale fisheries in developing countries employ the majority of the world's fishers and are a critical source of income and nutrition for billions of people, yet they frequently suffer from overfishing. The team explores the mechanisms by which this undesirable outcome arises and argue that institutional reform should consider that resource users make jointly determined decisions about gear choice, including illegal ones, and harvest rates.
This presentation took place at George Washington University, United States on November 6, 2014 describing the importance of physical and informational infrastructure absence for Tanzanian small-scale fisheries.