TY  - RPRT
        AU  - Parker, Simon C.
        TI  - Crowdfunding, Cascades and Informed Investors
        PY  - 2014/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7994
        UR  - https://www.iza.org/index.php/publications/dp7994
        AB  - 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'.
        KW  - crowdfunding
KW  - new ventures
KW  - entrepreneurial finance
KW  - startups
        ER  -