We experimentally investigate some key features of internet peer-to-peer (P2P) lending: the borrower specifies the amount of money required and makes a contingent promise about the value of the generally higher repayment prior to the investor's decision to lend the required sum or not.
This result is valid with arbitrary preferences and endowments, contingent or non-contingent promises, many assets and consumption goods, production, and multiple periods.
Moreover, Dr. Brody points out, certain doctors' groups have gone so far as to make their support for reform contingent on promises that their own income would remain unaffected.
Income-contingent repayment promises to do that.
Philip III and Philip IV of France had both cheated him of the contingent benefits promised by the Treaty of Paris (1259).
For example, the European Union's promise of a move from a 20% to a 30% cut by 2020 remains contingent on the promises of others, an inducement that spectacularly failed to produce a breakthrough in Copenhagen.
Alumni have pledged half a million dollars, contingent on a promise that the school would rule out undergraduate tuition.
Because ratification in many states was contingent on the promised addition of a Bill of Rights, Congress proposed 12 amendments in September 1789; 10 were ratified by the states, and their adoption was certified on December 15 , 1791
BP ultimately paid victims of the accident, and their families, more than a billion dollars in compensation, contingent on the promise that they never speak critically about the company in public.
That permission, however, was contingent on a promise by state election officials to use an "extremely broad interpretation" of a provision that will make exceptions for voters who lack photo ID cards, allowing them to cast ballots as long as they give a reason for not having obtained one.
