Information Cascades and Threshold Implementation: Theory and An Application to Crowdfunding
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Economic interactions, such as crowdfunding, often involve sequential actions, observational learning, and contingent project implementation. We incorporate all-or-nothing thresholds in a canonical model of information cascades. Early supporters effectively delegate their decisions to a "gatekeeper,
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美国国家经济研究局创建时间：
2023-01-01
