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Chinese Journal of Management Science ›› 2021, Vol. 29 ›› Issue (11): 134-145.doi: 10.16381/j.cnki.issn1003-207x.2019.1007

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Three-Party Evolutionary Game Analysis of P2P Network Lending Based on Nonlinear System Stability Theory

DENG Chun-sheng   

  1. Law School,Southwestern University of Finance and Economics, Chengdu 610074, China
  • Received:2019-07-09 Revised:2019-12-04 Online:2021-11-20 Published:2021-11-22
  • Contact: 邓春生 E-mail:dengchunsheng@163.com

Abstract: Online P2P lending is a financial innovation model that provides information intermediary services for borrowers and investors to achieve direct lending, where the Internet is the main channel. Since the establishment of the Ppdai in China in 2007, online P2P lending has grown rapidly in China, attracting many users and facilitating a large number of lending transactions. However, due to the lack of awareness of risk management, the lack of regulatory measures and inadequate system design, the "violent thunder" incidents in China’s online P2P lending industry are endless. Therefore, perfecting its legal regulation system is the research hotspot in the current financial field.

Key words: online P2P lending; three-party game; evolutionary stability strategy; nonlinear system; stability theory

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