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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 personalExpand
Crowdfunding: Geography, Social Networks, and the Timing of Investment Decisions
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 fundingExpand
Some Simple Economics of the Blockchain
We build on economic theory to discuss how blockchain technology can shape innovation and competition in digital platforms. We identify two key costs affected by the technology: the cost ofExpand
Friends, Family, and the Flat World: The Geography of Crowdfunding
The internet facilitates instant and inexpensive communication across large distances. Perhaps the most striking feature of online \crowdfunding" is the broad geographic dispersion of investors inExpand
Initial Coin Offerings and the Value of Crypto Tokens
This paper explores how entrepreneurs can use initial coin offerings — whereby they issue crypto tokens and commit to only accept those tokens as payment for their products — to fund venture start-upExpand
Are Syndicates the Killer App of Equity Crowdfunding?
Information asymmetry presents a challenge to equity crowdfunding just as in other markets for equity capital. Investors are less likely to finance startups when it is difficult to assess quality.Expand
Microgeography and the Direction of Inventive Activity
To address endogeneity concerns due to selection into colocation and matching, the constraints imposed on the spatial allocation of labs on the Jussieu campus of Paris by the removal of asbestos from its buildings are exploited. Expand
The incidence and role of negative citations in science
A methodology to characterize “negative” citations was elaborated, finding that negative citations concerned higher-quality papers, were focused on a study’s findings rather than theories or methods, and originated from scholars who were closer to the authors of the focal paper in terms of discipline and social distance. Expand
Tracing the links between science and technology: An exploratory analysis of scientists' and inventors' networks
The paper provides an exploratory analysis of the research networks linking scientists working in an open science environment, and researchers involved in the private technology domain. The studyExpand
The Digital Privacy Paradox: Small Money, Small Costs, Small Talk
'Notice and Choice' has been a mainstay of policies designed to safeguard consumer privacy. This paper investigates distortions in consumer behavior when faced with notice and choice which may limitExpand