Dear colleagues, in the name of the Department of Economics, JKU Linz, I cordially invite you to our research seminar: our next speaker, 30th of June, 2021, 4pm Aniko Öry ( Yale School of Management) https://sites.google.com/site/anikooery1/ "Aiming for the Goal: Contribution Dynamics of Crowfunding“ Abstract: We study reward-based crowdfunding, a new class of dynamic contribution games where a private good is produced only if the funding goal is reached by a deadline. Buyers face a problem of coordination rather than free-riding. A long-lived donor may alleviate this coordination risk, signaling his wealth through dynamic contributions. We characterize platform-, donor-, and buyer-optimal equilibrium outcomes, attained by Markov equilibria with simple donation strategies. We test the model’s predictions using high-frequency data collected from the largest crowdfunding platform, Kickstarter. The model fits the data well, especially for predictions concerning comparative statistics, donation dynamics, and properties of successful campaigns. Aniko Öry is an Associate Professor of Marketing at the Yale School of Management. Her research focuses on Industrial Organizations, Quantitative Marketing, and Microeconomic Theory. Selected publications: * Mentoring and the Dynamics of Affirmative Action, with Michèle Müller-Itten, AEJ: Economic Policy, forthcoming * Contracting with Word-of-Mouth Management, with Yuichiro Kamada, Management Science, 2020 * The Benefit of Collective Reputation, with Zvika Neeman and Jungju Yu, RAND Journal of Economics, 2019 Please register at https://www.jku.at/en/department-of-economics/research/research-events/onlin... <https://www.jku.at/en/department-of-economics/research/research-events/online-research-seminar/> for the zoom link. With best regards, René Böheim -- PD René Böheim, PhD Department of Economics JOHANNES KEPLER UNIVERSITÄT LINZ Altenberger Straße 69 4040 Linz, Österreich P +43-732-2468-7369 www.econ.jku.at/boeheim <http://www.econ.jku.at/boeheim> Research: http://ideas.repec.org/e/pbh15.html <http://ideas.repec.org/e/pbh15.html>