The economics of crowdfunding platforms

نویسندگان

  • Paul Belleflamme
  • Nessrine Omrani
  • Martin Peitz
چکیده

This paper provides a description of the crowdfunding sector, considering investmentbased crowdfunding platforms as well as platforms in which funders do not obtain monetary payments. It lays out key features of this quickly developing sector and explores the economic forces at play that can explain the design of these platforms. In particular, it elaborates on cross-group and within-group external effects and asymmetric information on crowdfunding platforms.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A system Dynamics Approach to Designing a Crowdfunding Model in Technological Entrepreneurship Ecosystem with a Focus on Technology Incubator Centers

Crowdfunding, a new financing method for funding ideas or ventures through a large number of relatively small contributions from many individuals has witnessed the phenomenal development over the past decade. It involves bypassing traditional financial intermediaries and using online web-based platforms to connect users of funds with retail funders. This research first explores in greater detai...

متن کامل

Playing Both Sides of the Market: Success and Reciprocity on Crowdfunding Platforms

Crowdfunding, the process of directly financing projects and ventures over the internet, is gaining momentum. Industry reports estimate that sums raised on crowdfunding platforms have nearly doubled in 2012, totaling close to US$3.0B.1 Initially, crowdfunding was performed using social media such as mailing lists or social networks. The maturity of Web 2.0 technologies enabled and inspired the ...

متن کامل

A Work-Systems Approach to Classifying Risks in Crowdfunding Platforms: An Exploratory Analysis

Crowdfunding has attracted much attention in the last few years because it has opened up new pathways for projects to obtain financing from individuals who are non-professional investors via the Internet. While risk occupies a central role in crowdfunding, this notion has been an unexplored area in the information systems literature. To close this gap, we contribute to the literature by identif...

متن کامل

Blueprinting Crowdfunding - Designing a Crowdfunding Service Configuration Framework

Crowdfunding gained momentum over the last few years. In contrast to traditional forms of funding, the service provision of crowdfunding platforms is performed within service systems. These comprise a complex combination of IT and non-IT services, different stakeholders, and diverging contexts and purposes. The design and operation of such service systems represents a tough challenge. Therefore...

متن کامل

Perspectives on Accounting and Fiscal Law of Crowdfunding in Romania

This paper aims to analyse the accounting and fiscal regime of crowdfunding and the legal framework for such operations in Romania. Crowdfunding provides support to project developers by enabling them to access finance in a simple and inexpensive manner. Thus we refer to the following: current state of crowdfunding operations and existing legal background for conducting such operations in Roman...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:
  • Information Economics and Policy

دوره 33  شماره 

صفحات  -

تاریخ انتشار 2015