Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under … information threatens this benefit. Despite these threats, popular crowdfunding schemes are able to implement optimal screening … mechanisms. Crowdfunding's after-markets enable consumers to actively implement deferred payments and thereby optimally manage …

Various forms of social learning and network effects are at work on crowdfunding platforms, giving rise to … their common presence on the platform. We finally show that these crowdfunding dynamics stir platform growth, with important …

platforms in 37 countries that explores whether lenders follow each other in the whole crowdfunding market, within the groups of … and highlight the controversial effects of signaling mechanisms on adverse selection in crowdfunding markets. …

It is often assumed that entrepreneurs retain more control of their venture when they opt for equity crowdfunding as … by analysing the cash flow and control rights crowd investors receive in equity crowdfunding in Germany, where more … capital investment contracts are also used in equity crowdfunding contracts. We find that crowd investors are asked to pay …

For reward-based crowdfunding, we introduce the strategy-proof Generalized Moulin-Shenker mechanism (GMS) and compare … at maximizing funding success. For crowdfunding in practice, this implies that the current standard of financing projects … could be improved upon by implementing a crowdfunding mechanism that is similar to the dynamic GMS. …

between social group size and fundraising outcomes: (i) a positive relationship between group size and the total number of …

Much fundraising is done by individuals within existing social groups. Exploiting a unique dataset, we demonstrate (i …

Ineffective fundraising lowers the resources charities can use for goods provision. We combine a field experiment and a … causal machine-learning approach to increase a charity's fundraising effectiveness. The approach optimally targets … fundraising to individuals whose expected donations exceed solicitation costs. Among past donors, optimal targeting substantially …