Peer-to-Peer Crowdfunding: Information and the Potential for Disruption in Consumer Lending

Can peer-to-peer lending (P2P) disintermediate and mitigate information frictions in lending so that choices and outcomes for at least some borrowers and investors are improved? I offer a framing of issues and survey the nascent literature on P2P. On the investor side, P2P disintermediates an asset...

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Bibliographic Details
Published in:Annual review of financial economics 2015-01, Vol.7 (1), p.463-482
Main Author: Morse, Adair
Format: Article
Language:English
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