Refund bonuses and revenue equivalence

Timothy Lattimer; Robertas Zubrickas

doi:10.1016/j.econlet.2023.111265

Refund bonuses and revenue equivalence

Timothy Lattimer, Robertas Zubrickas

Vilnius University

Research output: Contribution to journal › Article › peer-review

1 Citation (SciVal)

Abstract

Refund bonuses are a practical solution to the implementation problem of crowdfunding. This paper shows in a framework with imperfect information that refund bonuses have no implications for the project developer’s expected revenue, thus, underscoring the practicality of this solution.

Original language	English
Article number	111265
Journal	Economics Letters
Volume	231
Early online date	26 Jul 2023
DOIs	https://doi.org/10.1016/j.econlet.2023.111265
Publication status	Published - 1 Oct 2023

Bibliographical note

Data availability
No data was used for the research described in the article.

Keywords

Assurance contract
Crowdfunding
Public good
Refund bonus
Revenue equivalence

ASJC Scopus subject areas

Economics and Econometrics
Finance

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10.1016/j.econlet.2023.111265Licence: CC BY

Cite this

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title = "Refund bonuses and revenue equivalence",

abstract = "Refund bonuses are a practical solution to the implementation problem of crowdfunding. This paper shows in a framework with imperfect information that refund bonuses have no implications for the project developer{\textquoteright}s expected revenue, thus, underscoring the practicality of this solution.",

keywords = "Assurance contract, Crowdfunding, Public good, Refund bonus, Revenue equivalence",

author = "Timothy Lattimer and Robertas Zubrickas",

note = "Data availability No data was used for the research described in the article.",

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AU - Zubrickas, Robertas

N1 - Data availability No data was used for the research described in the article.

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AB - Refund bonuses are a practical solution to the implementation problem of crowdfunding. This paper shows in a framework with imperfect information that refund bonuses have no implications for the project developer’s expected revenue, thus, underscoring the practicality of this solution.

KW - Assurance contract

KW - Crowdfunding

KW - Public good

KW - Refund bonus

KW - Revenue equivalence

UR - https://www.scopus.com/pages/publications/85166556978

U2 - 10.1016/j.econlet.2023.111265

DO - 10.1016/j.econlet.2023.111265

M3 - Article

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JO - Economics Letters

JF - Economics Letters

M1 - 111265

ER -

Refund bonuses and revenue equivalence

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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