%0 Report
        %A Parker, Simon C.
        %T Crowdfunding, Cascades and Informed Investors
        %D 2014
        %8 2014 Feb
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7994
        %U https://www.iza.org/index.php/publications/dp7994
        %X 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'.
        %K crowdfunding
%K new ventures
%K entrepreneurial finance
%K startups