Herding in equity crowdfunding
We build a model of equity crowdfunding that incorporates the two major funding models: all-or-nothing (AoN) and keep-it-all (KIA). Both informed and uninformed investors arrive sequentially and rationally choose whether and how much to invest. The KIA solution turns out to be a reduced version of A...
| Main Authors: | , , , |
|---|---|
| Format: | Journal article |
| Jezik: | English |
| Izdano: |
Wiley
2024
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