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Author: Greg Fischer

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Development Discussion Paper

Eliciting and Utilizing Willingness-to-pay: Evidence from Field Trials in Northern Ghana

James Berry, Greg Fischer and Raymond Guiteras

Using the Becker-DeGroot-Marschak (BDM) mechanism, we estimate the willingness-to-pay (WTP) for and impact of clean water technology through a field experiment in Ghana. Although WTP is low relative to the cost, demand ...Read more...

25 May 2018

Development Discussion Paper

Contract Structure, Risk Sharing and Investment Choice

Greg Fischer

Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible explanation: that the structure of existing microfinance contracts may discourage risky but high-expected ret...Read more...

February 2011

Development Discussion Paper

Repayment Frequency in Microfinance Contracts with Present-Biased Borrowers

Greg Fischer and Maitreesh Ghatak

This paper analyzes the theoretical underpinnings of high-frequency repayment, a feature in nearly all microfinance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that f...Read more...

July 2010