Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/177687
Authors: 
Ansink, Erik
Koetse, Mark
Bouma, Jetske
Hauck, Dominic
van Soest, Daan
Year of Publication: 
2017
Series/Report no.: 
Tinbergen Institute Discussion Paper 17-119/VIII
Abstract: 
We assess the impact of different crowdfunding designs on the success of crowdfunded public goods using a lab-in-the-field experiment. Our design treatments aim to increase the efficiency of crowdfunding campaigns by raising aggregate contributions and decreasing possible coordination problems that may occur when potential donors are faced with a multitude of projects seeking contributions. Amongst others, we explore the potential of seed money and the impact of the attraction effect. Using a four-day time window we implement our crowdfunding experiment using a web-based user interface with multiple threshold public goods, similar in style to conventional crowdfunding websites. We find that such alternative crowdfunding designs affect efficiency via improving coordination, and not so much via affecting total contributions. These results are confirmed in a follow-up framed field experiment with actual nature conservation projects.
Subjects: 
Crowdfunding
lab-in-the-field experiment
threshold public goods
charitable giving
nature conservation
JEL: 
C93
H41
L31
Q57
Document Type: 
Working Paper
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