Chen, Ning; Ghosh, Arpita; Lambert, Nicolas S. - In: Games and Economic Behavior 86 (2014) C, pp. 367-391
Prosper, today the second largest social lending marketplace with nearly 1.5 million members and $380 million in funded loans, employed an auction mechanism amongst lenders to finance each borrower's loan until 2010. Given that a basic premise of social lending is cheap loans for borrowers, how...
