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Early Refund Bonuses Increase Successful Crowdfunding
The assurance contract mechanism is often used to crowdfund public goods. This mechanism has weak implementation properties that can lead to miscoordination and failure to produce socially valuable projects. To encourage early...
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Donation-Based Crowdfunding with Refund Bonuses

We study donation-based crowdfunding for threshold public good provision. Our main focus is on an extension with refund bonuses aimed at resolving the problems of equilibrium coordination and free riding. In the case of...

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On the global supply of basic research
In a two-country Schumpeterian growth model, we study the incentives for basic research investments by governments in a globalized world. A country’s basic research investments increase with the country’s level of human capital...
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Enhancing fundraising with refund bonuses
The provision point mechanism as a method of funding threshold public goods is extended with refund bonuses. Each contributor not only has his contribution refunded in the case of insufficient contributions but also receives a...
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Guns and butter? Military expenditure and health spending on the eve of the Arab Spring
We examine the validity of the guns-versus-butter hypothesis in the pre-Arab Spring era. Using panel data from 1995 to 2011–the eve of the Arab uprisings–we find no evidence that increased security needs as measured by the...
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On the global supply of basic research
In a two-country Schumpeterian growth model, we study the incentives for basic research investments by governments in a globalized world. A country’s basic research investments increase with the country’s level of human capital...
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Mega-event effects on the housing market
M Wang, X Bao
Jul 31, 2017
Mega-event regeneration involves extensive government funds and public participation; thus, this study emphasises the importance of verifying if these financial and human investments can be justified by the net effects of...
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Donation-Based Crowdfunding with Refund Bonuses

We study donation-based crowdfunding for threshold public good provision. Our main focus is on an extension with refund bonuses aimed at resolving the problems of equilibrium coordination and free riding. In the case of...

Published by:
Early Refund Bonuses Increase Successful Crowdfunding
The assurance contract mechanism is often used to crowdfund public goods. This mechanism has weak implementation properties that can lead to miscoordination and failure to produce socially valuable projects. To encourage early...
Published by:
Enhancing fundraising with refund bonuses
The provision point mechanism as a method of funding threshold public goods is extended with refund bonuses. Each contributor not only has his contribution refunded in the case of insufficient contributions but also receives a...
Published by: