A duration-based model of crowdfunding project choice
Donia Trabelsi
- Fonction : Auteur
- PersonId : 181207
- IdHAL : donia-trabelsi
- ORCID : 0000-0002-4304-8907
- IdRef : 109192222
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.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
A duration-based model of crowdfunding project choice
|
Résumé |
en
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.
|
Auteur(s) |
Linda Salahaldin
1
, Martin Angerer
2
, Sascha Kraus
1
, Donia Trabelsi
3, 4
1
Ecole Supérieure du Commerce Extérieur - ESCE
( 185640 )
- 10 rue Sextiius Michel, 75015 Paris
- France
2
Liechtenstein University = Universität Liechtenstein
( 553240 )
- Universität Liechtenstein
Fürst-Franz-Josef-Strasse
9490 Vaduz
- Liechtenstein
3
IMT-BS - DEFI -
Département Droit, Economie et Finances
( 95568 )
- 9, rue Charles Fourier - 91011 Evry Cedex
- France
4
LITEM -
Laboratoire en Innovation, Technologies, Economie et Management (EA 7363)
( 230315 )
- 9 rue Charles Fourier, 91011 Evry Cedex
- France
|
Langue du document |
Anglais
|
Date de publication électronique |
2018-11-03
|
Volume |
29
|
Page/Identifiant |
404-410
|
Date de publication |
2019-06
|
Audience |
Internationale
|
Comité de lecture |
Oui
|
Vulgarisation |
Non
|
Nom de la revue |
|
Commentaire |
FNEGE 3, HCERES B, ABS 2
|
Domaine(s) |
|
Référence interne |
|
Collaboration/Projet |
|
Mots-clés |
en
Funding decision, Crowdfunding, Project duration, Dynamic programming
|
DOI | 10.1016/j.frl.2018.11.005 |
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