Pricing mechanisms in the online Peer-to-Peer lending market

作者：

Highlights：

• This paper sheds light on the role that pricing plays in the loan bidding process of different platforms.

• This paper analyses the reasons for the differentiation of pricing mechanisms in the P2P market.

• This paper extends studies on the classification of pricing and bidding behaviour.

• This paper shows the BPM and the PPM provide incentives for lenders in the same settings.

摘要

•This paper sheds light on the role that pricing plays in the loan bidding process of different platforms.•This paper analyses the reasons for the differentiation of pricing mechanisms in the P2P market.•This paper extends studies on the classification of pricing and bidding behaviour.•This paper shows the BPM and the PPM provide incentives for lenders in the same settings.

论文关键词：Online peer-to-peer lending,Pricing mechanism,Incentive compatibility,Best response strategy

论文评审过程：Received 11 April 2017, Revised 21 October 2017, Accepted 21 October 2017, Available online 23 October 2017, Version of Record 24 November 2017.

论文官网地址：https://doi.org/10.1016/j.elerap.2017.10.006