Screening Peers Softly: Inferring the Quality of Small Borrowers
NBER Working Paper No. 15242
---- Acknowledgments ----
This paper previously circulated as "Screening in New Credit Markets: Can Individual Lenders Infer Borrower Creditworthiness in Peer-to-Peer Lending?." We are extremely grateful to Prosper.com for being so generous with their time in answering our queries. We thank Liran Einav, Raymond Fisman, Matthew Gentzkow, Lawrence Katz, Atif Mian, Enrichetta Ravina, David Scharfstein, Jesse Shapiro, Jeremy Stein, three anonymous referees and seminar participants at Harvard, the NBER finance meetings and UCLA Anderson for helpful comments. We thank David Robinson for excellent research assistance. The views expressed in this paper are solely our own. The views expressed in this paper are solely our own and do not necessarily reflect the views of the National Bureau of Economic Research.