Algorithmic Lending, Competition, and Strategic Provision of Preapproval Tools

Published Online:https://doi.org/10.1287/mksc.2023.0164

References

  • Anderson SP, Renault R (2009) Comparative advertising: Disclosing horizontal match information. RAND J. Econom. 40(3):558–581.CrossrefGoogle Scholar
  • Board O (2009) Competition and disclosure. J. Indust. Econom. 57(1):197–213.CrossrefGoogle Scholar
  • Bouckaert J, Degryse H (2004) Softening competition by inducing switching in credit markets. J. Indust. Econom. 52(1):27–52.CrossrefGoogle Scholar
  • Carmichael D (2017) The winner’s curse in an online lending market. Preprint, submitted March 13, https://doi.org/10.2139/ssrn.2931022.Google Scholar
  • Chan T, Hamdi N, Hui X, Jiang Z (2022) The value of verified employment data for consumer lending: Evidence from Equifax. Marketing Sci. 41(4):795–814.LinkGoogle Scholar
  • Citron DK, Pasquale F (2014) The scored society: Due process for automated predictions. Washington Law Rev. 89(1):1–33.Google Scholar
  • Experian (2020) Survey findings: How do consumers feel about credit cards? Experian, Costa Mesa, CA.Google Scholar
  • Fu R, Huang Y, Singh PV (2020) Artificial intelligence and algorithmic bias: Source, detection, mitigation, and implications. Druehl C, Elmaghraby W, eds. Pushing the Boundaries: Frontiers in Impactful OR/OM Research, Tutorials in Operations Research (INFORMS, Catonsville, MD), 39–63.LinkGoogle Scholar
  • Fu R, Huang Y, Singh PV (2021) Crowd, lending, machine, and bias. Inform. Systems Res. 32(1):72–92.LinkGoogle Scholar
  • Ghosh B, Galbreth MR (2013) The impact of consumer attentiveness and search costs on firm quality disclosure: A competitive analysis. Management Sci. 59(11):2604–2621.LinkGoogle Scholar
  • Grossman SJ (1981) The informational role of warranties and private disclosure about product quality. J. Law Econom. 24(3):461–483.CrossrefGoogle Scholar
  • Gu ZJ, Xie Y (2013) Facilitating fit revelation in the competitive market. Management Sci. 59(5):1196–1212.LinkGoogle Scholar
  • Guo L, Zhao Y (2009) Voluntary quality disclosure and market interaction. Marketing Sci. 28(3):488–501.LinkGoogle Scholar
  • Hauser JR (1988) Competitive price and positioning strategies. Marketing Sci. 7(1):76–91.LinkGoogle Scholar
  • Hauswald R, Marquez R (2003) Information technology and financial services competition. Rev. Financial Stud. 16(3):921–948.CrossrefGoogle Scholar
  • Hauswald R, Marquez R (2006) Competition and strategic information acquisition in credit markets. Rev. Financial Stud. 19(3):967–1000.CrossrefGoogle Scholar
  • Hotz VJ, Xiao M (2013) Strategic information disclosure: The case of multi-attribute products with heterogeneous consumers. Econom. Inquiry 51(1):865–881.CrossrefGoogle Scholar
  • Janssen MC, Teteryatnikova M (2016) Horizontal product differentiation: Disclosure and competition. J. Indust. Econom. 64(4):589–620.CrossrefGoogle Scholar
  • Kuksov D, Lin Y (2010) Information provision in a vertically differentiated competitive marketplace. Marketing Sci. 29(1):122–138.LinkGoogle Scholar
  • Levin D, Peck J, Ye L (2009) Quality disclosure and competition. J. Indust. Econom. 57(1):167–196.CrossrefGoogle Scholar
  • Milgrom PR (1981) Good news and bad news: Representation theorems and applications. Bell J. Econom. 12(2):380–391.CrossrefGoogle Scholar
  • Moorthy KS (1988) Product and price competition in a duopoly. Marketing Sci. 7(2):141–168.LinkGoogle Scholar
  • Netzer O, Lemaire A, Herzenstein M (2019) When words sweat: Identifying signals for loan default in the text of loan applications. J. Marketing Res. 56(6):960–980.CrossrefGoogle Scholar
  • Shaffer S (1998) The winner’s curse in banking. J. Financial Intermediation 7(4):359–392.CrossrefGoogle Scholar
  • Tirole J (1988) The Theory of Industrial Organization (MIT Press, Cambridge, MA).Google Scholar
  • Varian HR (1980) A model of sales. Amer. Econom. Rev. 70(4):651–659.Google Scholar
  • Villas-Boas JM, Schmidt-Mohr U (1999) Oligopoly with asymmetric information: Differentiation in credit markets. RAND J. Econom. 30(3):375–396.CrossrefGoogle Scholar
  • Wei Y, Yildirim P, Van den Bulte C, Dellarocas C (2016) Credit scoring with social network data. Marketing Sci. 35(2):234–258.LinkGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.