期刊论文

Auction mechanism of online P2P lending based on bilateral pricing

中文

管理工程学报

1004-6062

2020

34

6

138-147

10.13587/j.cnki.jieem.2020.06.014

国家自然科学基金资助项目(71471073) 中央高校基本科研业务费专项资金资助项目(2017zzts050)。

本校为第一机构

本文基于P2P网络借贷的双边市场特征,提出一种考虑双边定价的P2P网络借贷拍卖机制,旨在激励借贷双方自觉地报告自己的真实类型,进而提高整个机制的效率。同时,该机制在激励参与人披露其真实信息以及降低借款人支付成本方面具有一定优势,是对现有交易机制的一种改进与补充。进一步研究结果显示,在不考虑违约率的情形下,该拍卖机制满足双边激励相容性、个体理性和弱预算平衡等特征;而在考虑违约率的情形下,该拍卖机制满足双边激励相容性,但不满足个体理性和弱预算平衡特征。对比发现,考虑违约率的拍卖机制更实用于实际经济环境,但受到违约率的影响无法实现机制的效率最大化,因此需要尽量降低借款人...

P2P online lending is part of financial activities.It operates through an Internet platform and uses "crowd wisdom" to allow multiple lenders to conduct transactions with borrowers who want to obtain funds.However,the current domestic and foreign research mainly focuses on risk control,credit authentication,legal supervision and other issues,but less involved in the P2P online lending market transaction mechanism.In addition,the frequent transaction problems of the existing platforms reflect the shortcomings of the existing transaction mechanism in terms of disclosing information and improving...