COOKIES: By using this website you agree that we can place Google Analytics Cookies on your device for performance monitoring. |
University of Cambridge > Talks.cam > Cambridge Finance Workshop Series > “Learning Through Crowdfunding”
“Learning Through Crowdfunding”Add to your list(s) Download to your calendar using vCal
If you have a question about this talk, please contact Cerf Admin. Abstract: We develop a model where reward-based crowdfunding enables firms to obtain a reliable proof of concept early in their production cycle. The information gathered from a subsample of backers through a fixed length pre-selling campaign enables firms to update their beliefs about the preferences of all future consumers. This creates a valuable real option as firms invest only if updated demand is high. Further, such updating mitigates moral hazard: the higher the funds raised, the lower the firms’ incentives to divert them. Our results are consistent with stylized facts and provide new testable implications. This talk is part of the Cambridge Finance Workshop Series series. This talk is included in these lists:
Note that ex-directory lists are not shown. |
Other listsDepartment of Computer Science and Technology talks and seminars Cambridge Public Policy Seminar Series Chemical Engineering and Biotechnology occasional seminars Lattice field theory informal seminars Evolutionary Genetics Journal Club Wall Street meets Lincoln's Inn!Other talksArt speak Assessment of data completeness in the National Cancer Registry and the impact on the production of Cancer Survival Statistics Single Molecule Spectroscopy Determining structures in situ using cryo-electron tomography:enveloped viruses and coated vesicles Using single-cell technologies and planarians to study stem cells, their differentiation and their evolution |