Incentive and Coordination in the Two-Sided Market: Evidence from the P2P Lending Market

Table 1

Parameter definitions.

Parameter	Define
	Investor
	Borrower
	The real interest rate of investor from borrower
	The nominal interest rate for an investor to invest in borrower priced by the platform
	The biding amount of investor investing in borrower
	The number of borrowers invested by investor
	The platform’s service fee rate
	The return of investor by investing in borrowers
	The service fee charged by the platform to investor
	An amount of the coupon strategy
	The utility of borrower
	The number of investors who invest in borrower
	The expenditure of borrower
	The investment intention of investor who invests in borrower
	The average investment of investors
	The average service of investors
	The average expenditure of borrowers
	The platform cost
	The average utility of borrowers
	The number of borrowers and investors, respectively
	The average benefit of investors from borrowers
	The platform’s costs of providing coupons
	The return of investors by investing in borrowers when the platform has the largest number of borrowers