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The economics of crowdfunding platforms

Paul Belleflamme, Nessrine Omrani and Martin Peitz

Information Economics and Policy, 2015, vol. 33, issue C, 11-28

Abstract: This paper provides a description of the crowdfunding sector, considering investment-based 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.

Keywords: Crowdfunding; Platform markets; Network effects; Asymmetric information; P2P lending (search for similar items in EconPapers)
JEL-codes: D62 G24 L13 (search for similar items in EconPapers)
Date: 2015
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Working Paper: The Economics of Crowdfunding Platforms (2015) Downloads
Working Paper: The economics of crowdfunding platforms (2015)
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DOI: 10.1016/j.infoecopol.2015.08.003

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