Designing Payment Models for the Poor

Published Online:https://doi.org/10.1287/mnsc.2025.02156

References

  • Acemoglu D, Arellano M, Dekel E (2013) Advances in Economics and Econometrics: Tenth World Congress, vol. 1 (Cambridge University Press, New York).Google Scholar
  • Azagra D (2013) Global and fine approximation of convex functions. Proc. London Math. Soc. 107(4):799–824.CrossrefGoogle Scholar
  • Balke N, Lamadon T (2022) Productivity shocks, long-term contracts, and earnings dynamics. Amer. Econom. Rev. 112(7):2139–2177.CrossrefGoogle Scholar
  • Clementi GL, Hopenhayn HA (2006) A theory of financing constraints and firm dynamics. Quart J. Econom. 121(1):229–265.Google Scholar
  • Collins D, Morduch J, Rutherford S, Ruthven O (2009) Portfolios of the Poor: How the World’s Poor Live on $2 a Day (Princeton University Press, Princeton, NJ).Google Scholar
  • DeMarzo PM, Fishman MJ (2007) Optimal long-term financial contracting. Rev. Financial Stud. 20(6):2079–2128.CrossrefGoogle Scholar
  • Field E, Pande R, Papp J, Park YJ (2012) Repayment flexibility can reduce financial stress: A randomized control trial with microfinance clients in India. PLoS One 7(9):1–7.CrossrefGoogle Scholar
  • Fischer GW (1975) Experimental applications of multi-attribute utility models. Wendt D, Vlek C, eds. Utility, Probability, and Human Decision Making (Springer Netherlands, Dordrecht, Netherlands), 7–46.CrossrefGoogle Scholar
  • Green EJ (1987) Lending and the smoothing of uninsurable income. Prescott EC, Wallace N, eds. Contractual Arrangements for Intertemporal Trade (University of Minnesota Press, Minneapolis), 3–25.Google Scholar
  • Guajardo JA (2021) Repayment performance for pay-as-you-go solar lamps. Energy Sustainable Development 63:78–85.CrossrefGoogle Scholar
  • Jonasson JO, Ramdas K, Sungu A (2022) Social impact operations at the global base of the pyramid. Production Oper. Management 31(12):4364–4378.CrossrefGoogle Scholar
  • Karlan D, Ratan AL, Zinman J (2014) Savings by and for the poor: A research review and agenda. Rev. Income Wealth 60(1):36–78.CrossrefGoogle Scholar
  • Kocieniewski D, Finch G (2022) Tesla-backed startup made cheap power a debt burden for the world’s poorest. Bloomberg (April 7), https://www.bloomberg.com/news/features/2022-04-07/how-pay-as-you-go-solar-made-the-world-s-cheapest-new-energy-unaffordable.Google Scholar
  • Labie M, Laureti C, Szafarz A (2017) Discipline and flexibility: A behavioural perspective on microfinance product design. Oxford Development Stud. 45(3):321–337.CrossrefGoogle Scholar
  • Lighting Global (2022) Off-Grid Solar Market Trends Report (World Bank Group, Washington, DC).Google Scholar
  • Myerson RB (1979) Incentive compatibility and the bargaining problem. Econometrica 47(1):61–73.CrossrefGoogle Scholar
  • Opp MM, Zhu JY (2015) Impatience versus incentives. Econometrica 83(4):1601–1617.CrossrefGoogle Scholar
  • Piskorski T, Tchistyi A (2010) Optimal mortgage design. Rev. Financial Stud. 23(8):3098–3140.CrossrefGoogle Scholar
  • Spear SE, Srivastava S (1987) On repeated moral hazard with discounting. Rev. Econom. Stud. 54(4):599–617.CrossrefGoogle Scholar
  • Thomas J, Worrall T (1990) Income fluctuation and asymmetric information: An example of a repeated principal-agent problem. J. Econom. Theory 51(2):367–390.CrossrefGoogle Scholar
  • Tian F, Sun P, Duenyas I (2021) Optimal contract for machine repair and maintenance. Oper. Res. 69(3):916–949.LinkGoogle Scholar
  • Uppari BS, Popescu I, Netessine S (2019) Selling off-grid light to liquidity-constrained consumers. Manufacturing Service Oper. Management 21(2):308–326.LinkGoogle Scholar
  • Uppari BS, Netessine S, Popescu I, Clarke RP (2024) Design of off-grid lighting business models to serve the poor: Field experiments and structural analysis. Management Sci. 70(5):3038–3058.LinkGoogle Scholar
  • Wang S, Sun P, de Véricourt F (2016) Inducing environmental disclosures: A dynamic mechanism design approach. Oper. Res. 64(2):371–389.LinkGoogle Scholar
  • Wiemann M, Lecoque D (2019) High-profile bankruptcies in the off-grid sector: Where do we go from here? Technical report, Alliance for Rural Electrification.Google Scholar
  • Zollmann J, Waldron D, Sotiriou A, Gachoka A (2017) Escaping darkness: Understanding consumer value in PAYGo solar. Technical report, CGAP.Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.