@TechReport{iza:izadps:dp7994,
            	author={Parker, Simon C.},
            	title={Crowdfunding, Cascades and Informed Investors},
            	year={2014},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={7994},
            	url={https://www.iza.org/index.php/publications/dp7994},
	abstract={Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: 'not necessarily'.},
	keywords={crowdfunding;new ventures;entrepreneurial finance;startups},
            }