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Crowdfunding is a new and popular way of funding innovative products. Despite numerous advantages, there are challenges to this model, chief among them credibly signaling information about product quality to a pool of small, uninformed investors. We explore how an entrepreneur might accomplish...
Persistent link: https://www.econbiz.de/10012902537
In many industries, product design and manufacturing lead-times are sufficiently long that both the quality level of a product and the amount of inventory produced must be determined before a firm knows what the actual demand will be. In this paper, we conduct a theoretical analysis of such a...
Persistent link: https://www.econbiz.de/10012904312
We analyze distribution decisions by content creators for digital information goods like books and music. There are two creators (low and high quality) that sell content through the same platform, and may choose whether to distribute their content a la carte, via a subscription service, or both....
Persistent link: https://www.econbiz.de/10012895084
In rewards-based crowdfunding, entrepreneurs solicit donations from a population of potential contributors. If total donations exceed a prespecified funding target, the entrepreneur distributes non-monetary rewards to contributors; otherwise, their donations are refunded. We study how to design...
Persistent link: https://www.econbiz.de/10012898329
We study the value of inventory integration (or pooling) for a firm selling a seasonal good over two periods: in the first period the firm charges a high price, and in the second period the firm charges a low price to clear remaining inventory. Consumers are rational and decide when to visit the...
Persistent link: https://www.econbiz.de/10012855124
Problem Definition: We study the management of social responsibility in a three-tier supply chain in which a Tier 2 supplier sells to a Tier 1 supplier, which in turn sells to a Tier 0 buyer. The Tier 2 supplier may violate social and environmental standards, resulting in harm to all firms in...
Persistent link: https://www.econbiz.de/10012855161
Pricing over multiple periods under forward-looking, strategic consumer purchasing behavior has received significant recent research attention; however, whether consumers actually benefit from this behavior and would voluntarily choose to be strategic has not been previously considered. We...
Persistent link: https://www.econbiz.de/10012855175
In the restaurant industry, delivery platforms collect customer orders via mobile apps or the web, transmit them to restaurants, and deliver the orders to customers. Platforms claim they provide value to restaurants by expanding their markets, but critics claim they destroy restaurant...
Persistent link: https://www.econbiz.de/10013217741