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Simultaneous Effect of Monetary and Non-Monetary Interventions on Crowd-Funding Field Experimental Evidence:R&D in New Sources of Energy

Author

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  • Tetsuya KAWAMURA
  • Takanori Ida
  • Kazuhito Ogawa

Abstract

Crowd funding is a well-known way of financing research and development (R&D). Conducting a randomized control trial online field experiment, we investigated which participants donated toward the R&D of new energy, and which of three interventions facilitate donation: “matching”, “social pressure” and “matching & pressure”. Results indicate that: (1) all interventions significantly increase the donation rate, (2) the interventions have a heterogeneous effect based on gender and age, (3) the crowding out of “matching” was observed only for the participants with high intrinsic motives, and (4) the sub-additive synergy between interventions was observed only for participants with low intrinsic motives.

Suggested Citation

  • Tetsuya KAWAMURA & Takanori Ida & Kazuhito Ogawa, 2018. "Simultaneous Effect of Monetary and Non-Monetary Interventions on Crowd-Funding Field Experimental Evidence:R&D in New Sources of Energy," Discussion papers e-18-005, Graduate School of Economics , Kyoto University.
    • Handle: RePEc:kue:epaper:e-18-005
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    Cited by:

    1. Daniel Engler & Gunnar Gutsche & Amantia Simixhiu & Andreas Ziegler, 2022. "Social norms and individual climate protection activities: A framed field experiment for Germany," MAGKS Papers on Economics 202230, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    2. Claire Teunenbroek & René Bekkers & Bianca Beersma, 2021. "They ought to do it too: Understanding effects of social information on donation behavior and mood," International Review on Public and Nonprofit Marketing, Springer;International Association of Public and Non-Profit Marketing, vol. 18(2), pages 229-253, June.
    3. Toshi H. Arimura & Elke D. Groh & Miwa Nakai & Andreas Ziegler, 2022. "The causal effect of private and organizational climate-related identity on climate protection activities: Evidence from a framed field experiment in Japan," MAGKS Papers on Economics 202229, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    4. Engler, Daniel & Ziegler, Andreas & Gutsche, Gunnar & Simixhiu, Amantia, 2023. "Social Norms and Individual Climate Protection Activities: A Framed Field Experiment for Germany," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277662, Verein für Socialpolitik / German Economic Association.

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    More about this item

    Keywords

    Online Field Experiment; Donation; Matching Fund; Social Pressure; Crowding out;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers

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