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traditional investors. The analysis is performed within a two-period, two-state signaling model with information asymmetry between …
Persistent link: https://www.econbiz.de/10011991405
Crowdfunding has mostly been used to finance very unique projects. Recently, however, companies have begun using it to finance more traditional products where they compete against other sellers of similar products. Major crowdfunding platforms, Kickstarter and Indiegogo, as well as Amazon have...
Persistent link: https://www.econbiz.de/10012174171
We study a principal--agent model. The parties are symmetrically informed at first; the principal then designs the process by which the agent learns his type and, concurrently, the screening mechanism. Because the agent can opt out of the mechanism ex post, it must leave him with nonnegative...
Persistent link: https://www.econbiz.de/10012159075
An uninformed sender designs a mechanism that discloses information about her type to a privately informed receiver, who then decides whether to act. I impose a single-crossing assumption, so that the receiver with a higher type is more willing to act. Using a linear programming approach, I...
Persistent link: https://www.econbiz.de/10011856702
, asymmetric information theory, and signaling theory, which are used in low-information-transparency markets such as the …
Persistent link: https://www.econbiz.de/10014503130
We study dynamic signaling in a game of stochastic stakes. Each period, a privately informed agent of binary type …
Persistent link: https://www.econbiz.de/10013273761
Persistent link: https://www.econbiz.de/10014333860
The concept of Responsible Research and Innovation (RRI) has become a popular term as a result of making it a cross … desirability of the innovation process and its products. The work presents a review of the state-of-art scientific literature on … Responsible Research and Innovation (RRI) together with a synthesis of theoretical and practical challenges faced by this new …
Persistent link: https://www.econbiz.de/10012221597
Persistent link: https://www.econbiz.de/10014437687
This article studies the role of technology drivers in catching up at different stages of development. Countries can be at different stages of development when entering in a new catching-up cycle. Thus, the technological drivers of growth [technological capabilities, external spillovers,...
Persistent link: https://www.econbiz.de/10012157100