Learning by doing with asymmetric information evidence from Prosper.com
"Using peer-to-peer (P2P) lending as an example, we show that learning by doing plays an important role in alleviating the information asymmetry between market players. Although the P2P platform (Prosper.com) discloses part of borrowers' credit histories, lenders face serious information...
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Format: | UnknownFormat |
Sprache: | eng |
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Cambridge, Mass.
2011
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Schriftenreihe: | NBER working paper series
16855 |
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