NDLI: Crowdfunding Public Goods: An Experiment

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Crowdfunding Public Goods: An Experiment

Content Provider	Scilit
Author	Ansink, Erik Koetse, Mark J. Bouma, Jetske Hauck, Dominic van Soest, Daan
Copyright Year	2017
Description	Journal: SSRN Electronic Journal We assess the impact of different crowdfunding designs on the success of crowdfunded public goods using a lab-in-the-field experiment. Our design treatments aim to increase the efficiency of crowdfunding campaigns by raising aggregate contributions and decreasing possible coordination problems that may occur when potential donors are faced with a multitude of projects seeking contributions. Amongst others, we explore the potential of seed money and the impact of the attraction effect. Using a four-day time window we implement our crowdfunding experiment using a web-based user interface with multiple threshold public goods, similar in style to conventional crowdfunding websites. We find that such alternative crowdfunding designs affect efficiency via improving coordination, and not so much via affecting total contributions. These results are confirmed in a follow-up framed field experiment with actual nature conservation projects.
Related Links	https://papers.tinbergen.nl/17119.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3088763
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.3088763
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2017-12-14
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Information and Library Science Lab-in-the-field Experiment Threshold Public Goods Charitable Giving Nature Conservation
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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