Essec\Faculty\Model\Contribution {#2233 ▼
#_index: "academ_contributions"
#_id: "7968"
#_source: array:26 [
"id" => "7968"
"slug" => "7968-crowdfunding-with-overenthusiastic-investors-a-global-game-model"
"yearMonth" => "2018-02"
"year" => "2018"
"title" => "Crowdfunding with Overenthusiastic Investors: A Global Game Model"
"description" => "BESANCENOT, D. et VRANCEANU, R. (2018). <i>Crowdfunding with Overenthusiastic Investors: A Global Game Model</i>. ESSEC Business School. 
BESANCENOT, D. et VRANCEANU, R. (2018). <i>Crowdfunding with Overenthusiastic Investors: A Global Ga "
"authors" => array:2 [
0 => array:3 [
"name" => "VRANCEANU Radu"
"bid" => "B00000524"
"slug" => "vranceanu-radu"
]
1 => array:1 [
"name" => "BESANCENOT Damien"
]
]
"ouvrage" => ""
"keywords" => array:4 [
0 => "Crowdfunding"
1 => "entrepreneurship -global games"
2 => "overenthusiasm"
3 => "behavioral IO."
]
"updatedAt" => "2021-09-24 10:33:27"
"publicationUrl" => "https://hal.archives-ouvertes.fr/hal-01718793/"
"publicationInfo" => array:3 [
"pages" => null
"volume" => null
"number" => null
]
"type" => array:2 [
"fr" => "Documents de travail"
"en" => "Working Papers"
]
"support_type" => array:2 [
"fr" => "Editeur"
"en" => "Publisher"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "Crowdfunding platforms are providing funds to an increasing number of projects, among which many have a strong social/community impact. Under a all-or-nothing program, the success of the investment depends on the ability of a crowd of potential investors to put their funds into the project without an explicit coordination device. With heterogeneous information, such a problem can be analyzed as a typical global game. We assume that signals of at least some agents present a systematic positive bias, driven by positive emotions about projects with high social/community impact. The analysis reveals that if the number of such overenthusiastic persons is large enough, crowdfunding. finance might support financially inefficient projects. We then analyze how a monopolistic platform optimally determines transaction fees and unveil the relationship between overenthusiasm and the pro.t of the platform. Crowdfunding platforms are providing funds to an increasing number of projects, among which many hav "
"en" => "Crowdfunding platforms are providing funds to an increasing number of projects, among which many have a strong social/community impact. Under a all-or-nothing program, the success of the investment depends on the ability of a crowd of potential investors to put their funds into the project without an explicit coordination device. With heterogeneous information, such a problem can be analyzed as a typical global game. We assume that signals of at least some agents present a systematic positive bias, driven by positive emotions about projects with high social/community impact. The analysis reveals that if the number of such overenthusiastic persons is large enough, crowdfunding. finance might support financially inefficient projects. We then analyze how a monopolistic platform optimally determines transaction fees and unveil the relationship between overenthusiasm and the pro.t of the platform. Crowdfunding platforms are providing funds to an increasing number of projects, among which many hav "
]
"authors_fields" => array:2 [
"fr" => "Economie"
"en" => "Economics"
]
"indexedAt" => "2025-03-31T04:21:42.000Z"
"docTitle" => "Crowdfunding with Overenthusiastic Investors: A Global Game Model"
"docSurtitle" => "Documents de travail"
"authorNames" => "<a href="/cv/vranceanu-radu">VRANCEANU Radu</a>, BESANCENOT Damien"
"docDescription" => "<span class="document-property-authors">VRANCEANU Radu, BESANCENOT Damien</span><br><span class="document-property-authors_fields">Economie</span> | <span class="document-property-year">2018</span> <span class="document-property-authors">VRANCEANU Radu, BESANCENOT Damien</span><br><span class="doc "
"keywordList" => "<a href="#">Crowdfunding</a>, <a href="#">entrepreneurship -global games</a>, <a href="#">overenthusiasm</a>, <a href="#">behavioral IO.</a> <a href="#">Crowdfunding</a>, <a href="#">entrepreneurship -global games</a>, <a href="#">overenthus "
"docPreview" => "<b>Crowdfunding with Overenthusiastic Investors: A Global Game Model</b><br><span>2018-02 | Documents de travail </span> <b>Crowdfunding with Overenthusiastic Investors: A Global Game Model</b><br><span>2018-02 | Document "
"docType" => "research"
"publicationLink" => "<a href="https://hal.archives-ouvertes.fr/hal-01718793/" target="_blank">Crowdfunding with Overenthusiastic Investors: A Global Game Model</a> <a href="https://hal.archives-ouvertes.fr/hal-01718793/" target="_blank">Crowdfunding with Overenthu "
]
+lang: "fr"
+"_type": "_doc"
+"_score": 8.995661
+"parent": null
}
