Simultaneous Effect of Monetary and Non-Monetary Interventions on Crowd-Funding Field Experimental Evidence:R&D in New Sources of Energy

Tetsuya Kawamura, Takanori Ida and Kazuhito Ogawa

Discussion papers from Graduate School of Economics , Kyoto University

Abstract: Crowd funding is a well-known way of financing research and development (R&D). Conducting a randomized control trial online field experiment, we investigated which participants donated toward the R&D of new energy, and which of three interventions facilitate donation: “matching”, “social pressure” and “matching & pressure”. Results indicate that: (1) all interventions significantly increase the donation rate, (2) the interventions have a heterogeneous effect based on gender and age, (3) the crowding out of “matching” was observed only for the participants with high intrinsic motives, and (4) the sub-additive synergy between interventions was observed only for participants with low intrinsic motives.

Keywords: Online Field Experiment; Donation; Matching Fund; Social Pressure; Crowding out (search for similar items in EconPapers)
JEL-codes: C72 C93 D64 (search for similar items in EconPapers)
Pages: 49
Date: 2018-08
New Economics Papers: this item is included in nep-ene and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:kue:epaper:e-18-005

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