An extensive literature in economics and finance has documented “home bias,” the tendency that transactions are more likely to occur between parties in the same geographical area, rather than outside. Using data from a large online crowdfunding marketplace and employing a quasi-experimental...

Using a data set on individual investments in an online crowdfunding platform for mobile applications, this study examines whether an early investor's experience within the platform serves as credible signals of quality for the other investors in the crowd and if so under what conditions. We...

We study whether and how a firm can enhance social contagion by simply varying the message shared by customers with their friends. We focus on two key components of information contained in the message – information about the sender's purchase status prior to referral, and information about...

The growth of the Internet has spawned an increasing number of online information sources (OISs). The effect of OISs on consumer information search processes has been particularly striking in sectors such as auto retailing, where the typical consumer has conventionally confronted an unpleasant...