On crowdinvesting-platforms, non-publicly traded companies can offer equity to private investors. Currently, platforms … rationing of excessive demand is not optimal. It describes the characteristics that rationing of excessive demand has to imply …

implementation is offered as well. -- crowdinvesting ; market microstructure ; rationing ; equity ; underpricing ; excessive demand …On crowdinvesting-platforms, non-publicly traded companies can offer equity to private investors. Currently, platforms … rationing of excessive demand is not optimal. It describes the characteristics that rationing of excessive demand has to imply …

entrepreneur who sells corporate equity to a "crowd" of investors on such a platform chooses a fixed investment target before the …

entrepreneur who sells corporate equity to a "crowd" of investors on such a platform chooses a fixed investment target before the …

The disclosure requirements for firms issuing equity on German crowdinvestingplatforms are quite lax at the moment …

The disclosure requirements for firms issuing equity on German crowdinvestingplatforms are quite lax at the moment …

The disclosure requirements for firms issuing equity on German crowdinvestingplatforms are quite lax at the moment … recommendation for the practical implementation of improved disclosure requirements is offered. -- crowdinvesting ; market … microstructure ; disclosure requirements ; equity ; asymmetric information ; entrepreneur …

Setting a price that results in rationing may be optimal for a seller whose customers must make a specific investment … to be able to use his product. Although rationing results in <MI>ex post<D> inefficiency, the resulting distribution of … higher profits than with market-clearing prices. Committing to a single price, and rationing if there is excess demand, can …

This paper analyzes Jon Elster's work on local justice. The topic of local justice is rationing: the decentralized in …