Crowdfunding, Cascades and Informed Investors
Do 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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References listed on IDEAS
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- Mollick, Ethan, 2014. "The dynamics of crowdfunding: An exploratory study," Journal of Business Venturing, Elsevier, vol. 29(1), pages 1-16.
- Ajay Agrawal & Christian Catalini & Avi Goldfarb, 2014.
"Some Simple Economics of Crowdfunding,"
Innovation Policy and the Economy,
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.
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