a r t i c l e i n f o Microfinance is a vital source of funding for micro-entrepreneurs in emerging markets and underdeveloped nations. The emphasis in the literature on social sanctions as a mechanism for ensuring high repayment rates may be misplaced. We propose that the construct of harmonious social relations needs to be added in order to explain repayment rates and that high repayment rate...

Using unique survey and administrative data from Canada, we document that parental support personal savings substantially reduce student loan repayment problems. Developing a model of borrowing repayment, show nonmonetary costs applying for income-based assistance are critical to understanding our findings. Furthermore, eliminating these may be inefficient. Empirically, expanding Canada’s Repay...

The machine repair problem with spares and additional repairman is analyzed. The interfailure and repair times of the units are general identical and independently distributed. The failure and repair rates are assumed to be state dependent. Using diffusion approximation technique, we obtain the queue size distribution under steady state. The average number of failed units, average number of ope...

Mammal bioerosion is an emergent threat to the functionality of levees. In present paper, problem assessing failure probability levees affected by mammal addressed. A fully bivariate description peak flow discharge and flood duration combined with a deterministic unsteady seepage model obtain suitable variably disturbed levee response observed natural variability floods. Monte Carlo analysis al...