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Some Simple Economics of Crowdfunding
It is not surprising that the financing of early-stage creative projects and ventures is typically geographically localized since these types of funding decisions are usually predicated on personal…
Crowdfunding: Geography, Social Networks, and the Timing of Investment Decisions
- A. Agrawal, Christian Catalini, Avi Goldfarb
- EconomicsJournal of Economics & Management Strategy
- 4 May 2015
type="main"> We examine a crowdfunding platform that connects artists with funders. Although the Internet reduces many distance-related frictions, local and distant funders exhibit different funding…
Online Display Advertising: Targeting and Obtrusiveness
It is found that matching an ad to website content and increasing an ad's obtrusiveness independently increase purchase intent, however, in combination, these two strategies are ineffective.
Internet Adoption and Usage Patterns are Different: Implications for the Digital Divide
There is a well-documented "digital divide" in internet connection. We ask whether a similar divide exists for internet usage. Using a survey of 18,439 Americans, we find that high-income, educated…
How Is the Mobile Internet Different? Search Costs and Local Activities
The mobile Internet is somewhat less “Internet-like”: search costs are higher and distance matters more than the conventional one, and the benefit of browsing for geographically close matches is higher on mobile phones.
Does the Internet Defy the Law of Gravity?
Prediction Machines: The Simple Economics of Artificial Intelligence
Privacy Regulation and Online Advertising
It is found that, on average, display advertising became far less effective at changing stated purchase intent after the EU laws were enacted, relative to display advertising in other countries.
Competition between Local and Electronic Markets: How the Benefit of Buying Online Depends on Where You Live
It is shown that the parameters in existing theoretical models of channel substitution such as offline transportation cost, online disutility cost, and the prices of online and offline retailers interact to determine consumer choice of channels interact, and empirical support is provided for many such models.
The Internet and Local Wages: A Puzzle †
How did the diffusion of the internet affect regional wage inequality? We examine the relationship between business investment in advanced internet technology and local variation in US wage growth…