This paper studies stylized models of multi-unit uniform-price dynamic auctions and posted price, two selling mechanisms popular with peer-to-peer lending platforms, in a setup with common value and independent private signals. The models have two novel features: an "All-or-None" transaction...

This paper argues that a better understanding of the business model of web auctions can be reached if we adopt a broader view and provide empirical research from different sites. In this paper the business model of web auctions is refined into four dimensions. These are auction model, motives,...