A joint event between CSEAR and Master of Food and Resource Economics (MFRE). Using a unique dataset, we study the unlicensed money lending market in Singapore. In this market, borrowers search for loan sharks to borrow from and loan sharks decide how much money to extort from the borrowers. In equilibrium, we observe dispersion over the degree of […]
Policing Loan Sharks: Evidence from the unlicensed money lending market in Singapore