Title :
Analysis for Online P2P Lending Auction
Author :
Hu, Rong ; Lei, Jing
Author_Institution :
Dept. of Manage., SBS Shanghai, Shanghai, China
Abstract :
In this paper, we developed a analysis framework for the online auction in people-to-people (P2P) lending. In online P2P lending auctions, the bidding object is dividable in one auction, lenders bid for the privilege of supplying all or part of the requested loans. It is this characteristic that distinguishes online P2P lending auctions from other general auctions. We tackled this problem by dividing the total amount of a loan into pieces of the minimum lending amount and transformed the bidding amount into the number of bidders in general auctions. We developed an analysis framework for the online auction in P2P lending based on influencing factors and characteristics analysis. Another contribution of the paper is analyzing the corresponding bidding strategies for online P2P lending in details.
Keywords :
electronic commerce; bidding strategy; electronic markets; online P2P lending auction analysis; people-to-people lending online auction analysis; Aggregates; Algorithm design and analysis; Consumer electronics; Economic indicators; Frequency; Internet; Optimal control; Random processes;
Conference_Titel :
Computational Intelligence and Software Engineering, 2009. CiSE 2009. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4507-3
Electronic_ISBN :
978-1-4244-4507-3
DOI :
10.1109/CISE.2009.5364527
