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Article dans une revue Finance Research Letters Année : 2019

A duration-based model of crowdfunding project choice

Résumé

We analyze the impact of the duration of a crowdfunding project. To do so, we model the dynamics of crowdfunding from the funder’s and the receiver’s points of view, by a dynamic programming approach for computing the value of a platform’s opportunity at a given time and deriving the optimal funding decision. Our results highlight the importance of project duration on a crowdfunder’s investment choice, yielding interesting observations such as the existence of a key interval where the remaining campaign duration can be set up for successful funding and a corresponding dependence on the link between project target and utility.
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Dates et versions

hal-02170078, version 1 (01-07-2019)

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Linda Salahaldin, Martin Angerer, Sascha Kraus, Donia Trabelsi. A duration-based model of crowdfunding project choice. Finance Research Letters, 2019, 29, pp.404-410. ⟨10.1016/j.frl.2018.11.005⟩. ⟨hal-02170078⟩
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