Matthieu Bouvard
Institution
Toulouse School of Economics
PhD Year
2009
matthieu.bouvard@tse-fr.eu
FTG Membership
Member
Website
https://sites.google.com/site/matkbouvard/
Featured Work
Nov 21, 2022
Lending and Monitoring: Big Tech vs Banks
We show that by lending to merchants and monitoring them, an e-commerce platform can price-discriminate between merchants with high and low financial constraints: the platform offers credit priced below market rates and designed to select merchants with lower capital or collateral while simultaneously increasing the platform's access fees. The credit market then becomes endogenously segmented with banks focusing on less financially constrained borrowers. Lending by...
