EconPapers    
Economics at your fingertips  
 

Synergy between monetary and non-monetary interventions: experimental evidence on crowdfunding techniques for R&D in new energy sources

Tetsuya Kawamura, Takanori Ida and Kazuhito Ogawa

Applied Economics, 2025, vol. 57, issue 25, 3312-3326

Abstract: Crowdfunding is a well-known method for financing research and development (R&D). Nonetheless, it remains necessary to discover effective ways to get more people involved and encourage them to contribute more. Using an online randomized controlled trial (RCT), we investigated which of the three interventions – ‘social information’, ‘matching’, and ‘social information & matching’ – significantly facilitated donations; then we examined the relationship between the interventions and the motivation to donate. The results indicate that (1) all the interventions significantly increased donation rates (8.34%, 4.86%, and 8.69% increases in ‘social information’, ‘matching’, and ‘social information & matching’, respectively), (2) a crowding-out effect in the ‘matching’ intervention was observed only among participants with high intrinsic motives, and (3) a sub-additive synergy between the interventions was observed only among participants with low intrinsic motives.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2024.2337776 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:57:y:2025:i:25:p:3312-3326

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2024.2337776

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-06-03
Handle: RePEc:taf:applec:v:57:y:2025:i:25:p:3312-3326