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Fairness and microcredit interest rates: from Rawlsian principles of justice to the distribution of the bargaining range

机译:公平和小额信贷利率:从罗尔斯的正义原则到讨价还价范围的分配

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摘要

This paper addresses the fairness of microcredit interest rates. Since microfinance institutions provide credit for the poor at relatively high prices, the fairness of their interest rates has been repeatedly debated. We first apply Rawls' principles of justice to the case of microcredit interest rates and suggest some limitations related to the hypothesis of rationality of the borrowers and the level of inequality. We then suggest another framework based on the analysis of the distribution of the benefits generated by the transaction to assess the fairness of interest rates. We conceptualize this as the distribution of the bargaining range between the borrowers' and the institutions' reservation price and discuss what these reservation prices could be in the context of microfinance.
机译:本文探讨了小额信贷利率的公平性。由于小额信贷机构以相对较高的价格为穷人提供信贷,因此其利率的公平性已被反复辩论。我们首先将罗尔斯的正义原则应用于小额信贷利率,并提出一些与借款人合理性假设和不平等程度有关的限制。然后,我们基于对交易产生的收益的分配的分析来建议另一个框架,以评估利率的公平性。我们将其概念化为议价范围在借款人和机构的保留价格之间的分配,并讨论在小额信贷的背景下这些保留价格可能是多少。

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  • 来源
    《Business Ethics》 |2013年第3期|277-291|共15页
  • 作者

    Marek Hudon; Arvind Ashta;

  • 作者单位

    Universite Libre de Bruxelles, CEB, CERMi, Brussels, Belgium;

    Burgundy School of Business, Dijon, France;

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  • 正文语种 eng
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