are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: 'not …

This article is the first one that considers a model of the choice between the different types of crowdfunding, which … provides several implications, most of which have not yet been tested. Our model predicts that equity-based crowdfunding is … more profitable than reward-based crowdfunding when an entrepreneur is overconfident. This is because the entrepreneur …

This article is the first one that considers a model of the choice between the different types of crowdfunding, which … provides several implications, most of which have not yet been tested. Our model predicts that equity-based crowdfunding is … more profitable than reward-based crowdfunding when an entrepreneur is overconfident. This is because either the …

I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. An entrepreneur has …

I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. The analysis can …

Social entrepreneurship is an activity that is receiving intense scrutiny from scholars, practitioners, and policy … social entrepreneurship are its reliance on voluntary exchange, promotion of dignity and self-sufficiency in beneficiaries … social entrepreneurship, which include the challenge of combining multiple institutional logics, the existence of social …

place. Direct funding by a large group of consumers, i.e. crowdfunding, mitigates the underinvestment problem by allowing … of crowdfunding with an active resale market, as in the case of initial coin offerings …