Lin, Mingfeng; Prabhala, Nagpurnanand R.; Viswanathan, Siva - In: Management Science 59 (2013) 1, pp. 17-35
We study the online market for peer-to-peer (P2P) lending, in which individuals bid on unsecured microloans sought by other individual borrowers. Using a large sample of consummated and failed listings from the largest online P2P lending marketplace, Prosper.com, we find that the online...