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Aiming for the Goal: Contribution Dynamics of Crowdfunding / Joyee Deb, Aniko Oery, Kevin R. Williams.
- Format:
- Book
- Author/Creator:
- Deb, Joyee.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w25881.
- NBER working paper series no. w25881
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Aiming for the Goal
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2019.
- Summary:
- Fundraising campaigns draw support from a wide pool of contributors. Some contributors are interested in private rewards offered in exchange for contributions (buyers), whereas others are publicly-minded and value success (donors). Buyers face a coordination problem because of the positive externalities of campaign success. A leadership donor who strategically times contributions can promote coordination by dynamically signaling his valuation. The ability to signal increases the probability of success and benefits all participants relative to the donor valuation being known. We validate our modeling assumptions and theoretical predictions using Kickstarter data.
- Notes:
- Print version record
- May 2019.
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