| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25881 |
| 来源ID | Working Paper 25881 |
| Aiming for the Goal: Contribution Dynamics of Crowdfunding | |
| Joyee Deb; Aniko Oery; Kevin R. Williams | |
| 发表日期 | 2019-05-27 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We study reward-based crowdfunding campaigns, a new class of dynamic contribution games where consumption is exclusive. Two types of backers participate: buyers want to consume the product while donors just want the campaign to succeed. The key tension is one of coordination between buyers, instead of free-riding. Donors can alleviate this coordination risk. We analyze a dynamic model of crowdfunding and demonstrate that its predictions are consistent with high-frequency data collected from Kickstarter. We compare the Kickstarter mechanism to alternative platform designs and evaluate the value of dynamically arriving information. We extend the model to incorporate social learning about quality. |
| 主题 | Microeconomics ; Households and Firms ; Welfare and Collective Choice ; Economics of Information |
| URL | https://www.nber.org/papers/w25881 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583554 |
| 推荐引用方式 GB/T 7714 | Joyee Deb,Aniko Oery,Kevin R. Williams. Aiming for the Goal: Contribution Dynamics of Crowdfunding. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25881.pdf（744KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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