NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Some Simple Economics of Crowdfunding

Ajay Agrawal, Christian Catalini, Avi Goldfarb

Chapter in NBER book Innovation Policy and the Economy, Volume 14 (2014), Josh Lerner and Scott Stern, editors (p. 63 - 97)
Conference held April 23, 2013
Published in June 2014 by University of Chicago Press
© 2014 by the National Bureau of Economic Research
in NBER Book Series Innovation Policy and the Economy

---- Acknowledgements -----

We thank Scott Stern, Josh Lerner, and Erin Scott for thoughtful input on earlier drafts. Participants at the NBER National Press Club workshop in April 2013 offered insightful feedback. We draw inspiration from Tirole and Lerner (2002) for our title and approach to presenting the subject matter. We gratefully acknowledge funding support on our series of crowdfunding research projects from the Centre for Innovation and Entrepreneurship at the Rotman School of Management, the NET Institute, and the Social Sciences and Humanities Research Council of Canada. Errors remain our own.

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