Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/146502 
Title: 

A field experiment on crowdfunding for a club good

The document was removed on behalf of the author(s)/ the editor(s).

Year of Publication: 
2016
Series/Report no.: 
WZB Discussion Paper No. SP II 2016-308
Publisher: 
Wissenschaftszentrum Berlin für Sozialforschung (WZB), Berlin
Abstract: 
While increasingly popular in many domains crowdfunding remains largely un-derresearched and little is known about the best way to encourage participation. In a field experiment we vary suggested amounts and test different wordings for a campaign to finance a club good - an institute's summer party with free food, drinks, and music. We find that higher suggestions shift the median and the mode of gifts from €5 to €10 at a similar response rate. We also find evidence in favor of a "donation" frame that generates higher income than a "contribution" frame.
Subjects: 
crowdfunding
field experiment
JEL: 
C93
D64
D12
Document Type: 
Working Paper

Files in This Item:
The document was removed on behalf of the author(s)/ the editor(s) on: May 8, 2020


Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.