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contingently placing a "fulcrum" in the context of crowdfunding, with the potential of tilting the random pledging process from … failure to success. Specifically, we consider a model where backers arrive sequentially at a crowdfunding project. Upon …, which is mainly driven by the all-or-nothing nature of crowdfunding projects. According to our data collected from the most …
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I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. An entrepreneur has to meet some capital requirement in order to start production and sell the related good to a limited number of potential buyers who are privately informed about their...
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I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. The analysis can easily be reinterpreted as a model of the monopolistic provision of excludable public goods under private information. An entrepreneur has to meet some capital requirement in order...
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