Crowdfunding, Cascades and Informed Investors
AbstractDo higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: 'not necessarily'.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7994.
Length: 11 pages
Date of creation: Feb 2014
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Find related papers by JEL classification:
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-03-08 (All new papers)
- NEP-CMP-2014-03-08 (Computational Economics)
- NEP-ENT-2014-03-08 (Entrepreneurship)
- NEP-PPM-2014-03-08 (Project, Program & Portfolio Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ajay K. Agrawal & Christian Catalini & Avi Goldfarb, 2013.
"Some Simple Economics of Crowdfunding,"
NBER Working Papers
19133, National Bureau of Economic Research, Inc.
- Ajay Agrawal & Christian Catalini & Avi Goldfarb, 2013. "Some Simple Economics of Crowdfunding," NBER Chapters, in: Innovation Policy and the Economy, Volume 14, pages 63-97 National Bureau of Economic Research, Inc.
- Ajay Agrawal & Christian Catalini & Avi Goldfarb, 2014. "Some Simple Economics of Crowdfunding," Innovation Policy and the Economy, University of Chicago Press, University of Chicago Press, vol. 14(1), pages 63 - 97.
- Ajay K. Agrawal & Christian Catalini & Avi Goldfarb, 2011. "The Geography of Crowdfunding," NBER Working Papers 16820, National Bureau of Economic Research, Inc.
- Mollick, Ethan, 2014. "The dynamics of crowdfunding: An exploratory study," Journal of Business Venturing, Elsevier, vol. 29(1), pages 1-16.
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