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Flexible Contract, Flexible Morale? Microcredit Design and Repayment Discipline

open access: yesInternational Economic Review, EarlyView.
ABSTRACT Flexible repayment benefits borrowers, but practitioners fear increased moral hazard. Investigating their concerns requires disentangling repayment choices from repayment capacity, which is typically infeasible in field studies. We use a lab‐in‐the‐field experiment with 645 microcredit borrowers to cleanly identify the effect of repayment ...
Kristina Czura, Anett John, Lisa Spantig
wiley   +1 more source

Deep Reinforcement Learning of Semi-Active Suspension Controller for Vehicle Ride Comfort

IEEE Transactions on Vehicular Technology, 2023
Among the controllable suspension systems, the control of the semi-active suspension is mostly based on optimal control. Recently, deep reinforcement learning is widely used as a method to solve the optimal control problem.
Daekyun Lee, S. Jin, Chibum Lee
semanticscholar   +1 more source

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