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Ellman et al., 2019 - Google Patents

Optimal crowdfunding design

Ellman et al., 2019

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Document ID
2008521248392483913
Author
Ellman M
Hurkens S
Publication year
Publication venue
Journal of Economic Theory

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Snippet

This paper characterizes profit-and welfare-maximizing reward-based crowdfunding, defined by an aggregate funding threshold for production. We disentangle crowdfunding's selling and funding roles, locating its key benefit in its market test role of adapting production …
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