Entrepreneurial Learning and Disincentives in Crowdfunding Markets

References

• Agrawal A, Catalini C, Goldfarb A (2014) Some simple economics of crowdfunding. Innovative Policy Econom. 14(1):63–97.Crossref, Google Scholar
• Belleflamme P, Omrani N, Peitz M (2015) The economics of crowdfunding platforms. Inform. Econom. Policy 33:11–28.Crossref, Google Scholar
• Berry ST (1994) Estimating discrete-choice models of product differentiation. RAND J. Econom. 25:242–262.Crossref, Google Scholar
• Berry ST, Haile PH (2014) Identification in differentiated products markets using market level data. Econometrica 82(5):1749–1797.Crossref, Google Scholar
• Berry S, Levinsohn J, Pakes A (1995) Automobile prices in market equilibrium. Econometrica 87(4):841–890.Crossref, Google Scholar
• Bertrand M, Schoar A (2003) Managing with style: The effect of managers on firm policies. Quart. J. Econom. 118(4):1169–1208.Crossref, Google Scholar
• Blaseg D, Schulze C, Skiera B (2020) Consumer protection on kickstarter. Marketing Sci. 39(1):211–233.Link, Google Scholar
• Bloom N, Van Reenen J (2007) Measuring and explaining management practices across firms and countries. Quart. J. Econom. 122(4):1351–1408.Crossref, Google Scholar
• Cardell NS (1997) Variance components structures for the extreme-value and logistic distributions with application to models of heterogeneity. Econometric Theory 13(2):185–213.Crossref, Google Scholar
• Chan TY, Hamilton BH (2006) Learning, private information, and the economic evaluation of randomized experiments. J. Political Econom. 114(6):997–1040.Crossref, Google Scholar
• Chemla G, Tinn K (2020) Learning through crowdfunding. Management Sci. 66(5):1783–1801.Link, Google Scholar
• Ching A (2000) Dynamic equilibrium in U.S. prescription drug market after patent expiration. PhD thesis, University of Minnesota, Minneapolis.Google Scholar
• Craven M, DiPasquo D, Freitag D, McCallum A, Mitchell T, Nigam K, an Slattery S (1998) Learning to extract symbolic knowledge from the World Wide Web. Proc. 15th National Conf. on Artificial Intelligence (AAAI-98), Madison, Wisconsin, 509–516.Google Scholar
• Crawford GS, Shum M (2005) Uncertainty and learning in pharmaceutical demand. Econometrica 73(4):1137–1173.Crossref, Google Scholar
• Fan R-E, Chang K-W, Hsieh C-J, Wang X-R, Lin C-J (2008) Liblinear: A library for large linear classification. J. Machine Learn. Res. 9(Aug):1871–1874.Google Scholar
• Gentzkow M, Kelly B, Taddy M (2019) Text as data. J. Econom. Literature 57(3):535–574.Crossref, Google Scholar
• Ghani R (2002) Combining labeled and unlabeled data for multiclass text categorization. Proc. 19th Internat. Conf. Machine Learn. (Morgan Kaufmann Publishers Inc., San Francisco, CA), 187–194.Google Scholar
• Goldfarb A, Xiao M (2011) Who thinks about the competition? Managerial ability and strategic entry in US local telephone markets. Amer. Econom. Rev. 101(7):3130–3161.Crossref, Google Scholar
• Grigolon L, Verboven F (2014) Nested logit or random coefficients logit? A comparison of alternative discrete choice models of product differentiation. Rev. Econom. Statist. 96(5):916–935.Crossref, Google Scholar
• Harris ZS (1954) Distributional structure. Word 10(2-3):146–162.Crossref, Google Scholar
• Hitsch GJ (2006) An empirical model of optimal dynamic product launch and exit under demand uncertainty. Marketing Sci. 25(1):25–50.Link, Google Scholar
• Huang Y, Ellickson PB, Lovett MJ (2018) Learning to set prices in the Washington state liquor market. Preprint, submitted November 2018, https://dx.doi.org/10.2139/ssrn.3267701.Google Scholar
• Joachims T (1998) Text categorization with support vector machines: Learning with many relevant features. Proc. Eur. Conf. on Machine Learn. (Springer, Berlin), 137–142.Google Scholar
• Kaplan SN, Klebanov MM, Sorensen M (2012) Which CEO characteristics and abilities matter? J. Finance 67(3):973–1007.Crossref, Google Scholar
• Karaca-Mandic P, Train K (2003) Standard error correction in two-stage estimation with nested samples. Econom. J. 6(2):401–407.Crossref, Google Scholar
• Klöhn L (2018) The regulation of crowdfunding in Europe. The Economics of Crowdfunding (Springer, Berlin), 219–253.Crossref, Google Scholar
• Massolution (2015) The Crowdfunding Industry Report 2015. Accessed October 15, 2019, https://books.google.com.hk/books?id=pBLasgEACAAJ.Google Scholar
• McFadden D (1981) Econometric models of probabilistic choice. Manski C, McFadden D, eds. Structural Analysis of Discrete Data with Econometric Applications (MIT Press, Cambridge, MA), 198–272.Google Scholar
• Miller NH, Weinberg MC (2017) Understanding the price effects of the Millercoors joint venture. Econometrica 85(6):1763–1791.Crossref, Google Scholar
• Miravete EJ, Seim K, Thurk J (2018) Market power and the Laffer curve. Econometrica 86(5):1651–1687.Crossref, Google Scholar
• Mollick, Ethan R (2015) Delivery rates on Kickstarter. Working paper, University of Pennsylvania, Philadelphia.Google Scholar
• Pustejovsky J, Stubbs A (2012) Natural Language Annotation for Machine Learning: A Guide to Corpus-Building for Applications (O’Reilly Media).Google Scholar
• Reynaert M (2021) Abatement strategies and the cost of environmental regulation: Emission standards on the European car market. Rev. Econom. Stud. 88(1):454–488.Google Scholar
• Romeo CJ (2013) Filling out the instrument set in mixed logit demand systems for aggregate data. Preprint, submitted November 1, 2013, https://dx.doi.org/10.2139/ssrn.1593590.Google Scholar
• Shen Q, Liu H (2014) Demand Uncertainty, Dynamic Learning and Exit in Competitive Markets (Citeseer).Google Scholar
• Sorenson O, Assenova V, Li G-C, Boada J, Fleming L (2016) Expand innovation finance via crowdfunding. Science 354(6319):1526–1528.Crossref, Google Scholar
• Strausz R (2017) A theory of crowdfunding: A mechanism design approach with demand uncertainty and moral hazard. Amer. Econom. Rev. 107(6):1430–1476.Crossref, Google Scholar
• Whitefoot KS, Fowlie ML, Skerlos SJ (2017) Compliance by design: Influence of acceleration trade-offs on CO2 emissions and costs of fuel economy and greenhouse gas regulations. Environ. Sci. Tech. 51(18):10307–10315.Crossref, Google Scholar
• Wilbur WJ, Rzhetsky A, Shatkay H (2006) New directions in biomedical text annotation: Definitions, guidelines and corpus construction. BMC Bioinform. 7(1):1–10.Crossref, Google Scholar