| Title |
Refund bonuses and revenue equivalence |
| Authors |
Lattimer, Timothy R.B ; Zubrickas, Robertas |
| DOI |
10.1016/j.econlet.2023.111265 |
| Full Text |
|
| Is Part of |
Economics letters.. Lausanne : Elsevier. 2023, vol. 231, art. no. 111265, p. [1-9].. ISSN 0165-1765 |
| Keywords [eng] |
assurance contract ; refund bonus ; crowdfunding ; public good ; revenue equivalence |
| Abstract [eng] |
Refund bonuses are a practical solution to the implementation problem of crowdfunding. This paper shows in a framework with imperfect information that refund bonuses have no implications for the project developer’s expected revenue, thus, underscoring the practicality of this solution. |
| Published |
Lausanne : Elsevier |
| Type |
Journal article |
| Language |
English |
| Publication date |
2023 |
| CC license |
|
