Mardi 3 novembre 2020
12h15 - 13h30
Salle C 108 (1er étage) Université Paris-Dauphine


Marianne Verdier (Université Paris 2 Panthéon-Assas)

"Bank-Platform Competition in the Credit Market, joint work with Sara Biancini (Université de Cergy)" 

The paper analyzes the equilibrium on the credit market when a bank and a platform compete to offer credit to borrowers. The platform does not manage deposit accounts, but acts as an intermediary between the borrower and the investor, offering a risky contract such that the investor is only reimbursed if the borrower is successful. We first characterize the optimal contracts proposed by the platform, depending on the two-sided structure of the market. Then, we study the impact of bank-platform competition on the average risk of bank loans and the relative level of interest rates. We derive the conditions on the lending and the deposit markets such that the bank accomodates platform entry.


Or you can also join this academic seminar on-line on September 29th by clicking on the link below when it's starting :


Please note that lunch will be provided upon registration only.