This paper empirically investigates the role of geography in online peer-to-peer loan markets. Using transaction level data, I find strong evidence that lenders are more informed about local...
This paper empirically investigates the role of geography in online peer-to-peer loan markets. Using transaction level data, I find strong evidence that lenders are more informed about local...
Using a two-period model, I show that competition between two symmetric duopolists trying to learn about unknown features of demand results in an informationally suboptimal process. Because a firm...
In public procurement auctions, governments routinely offer preferences to qualified firms in the form of bid discounts. Previous studies on bid discounting do not account for affiliation – a form...
