Crowdfunding
Research output: Contributions to collected editions/works › Contributions to collected editions/anthologies › Research
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Handbook of Cultural Economics. ed. / ruth Towse; Trilce Navarrete Hernandez. Edward Elgar Publishing, 2020. p. 158-167.
Research output: Contributions to collected editions/works › Contributions to collected editions/anthologies › Research
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TY - CHAP
T1 - Crowdfunding
AU - Dalla Chiesa, Carolina
AU - Handke, Christian
N1 - Publisher Copyright: © Ruth Towse and Trilce Navarrete Hernández 2020. All rights reserved.
PY - 2020/3/16
Y1 - 2020/3/16
N2 - Crowdfunding is a novel and increasingly popular means to finance cultural projects. Crowdfunding calls are often used to appeal to the general public and collect funding for prospective cultural projects, and thus to raise revenues before the full costs of creation are incurred. Crowdfunding platforms on the Internet were first devised for cultural projects. To date the practice has found many other applications, and crowdfunding platforms have raised billions of US dollars. This chapter introduces typical aspects of crowdfunding, surveys important variants and platforms, and it discusses the state of empirical research. This chapter also develops an analysis of crowdfunding based on core elements of cultural economics – including experience good attributes, socially interdependent demand formation, public good attributes and intrinsic motivation to participate in creative projects. While it is hard to predict the future import of crowdfunding, the phenomenon is fascinating because it constitutes an innovation from the cultural sector that has already had broad applications in many other aspects of the economy.
AB - Crowdfunding is a novel and increasingly popular means to finance cultural projects. Crowdfunding calls are often used to appeal to the general public and collect funding for prospective cultural projects, and thus to raise revenues before the full costs of creation are incurred. Crowdfunding platforms on the Internet were first devised for cultural projects. To date the practice has found many other applications, and crowdfunding platforms have raised billions of US dollars. This chapter introduces typical aspects of crowdfunding, surveys important variants and platforms, and it discusses the state of empirical research. This chapter also develops an analysis of crowdfunding based on core elements of cultural economics – including experience good attributes, socially interdependent demand formation, public good attributes and intrinsic motivation to participate in creative projects. While it is hard to predict the future import of crowdfunding, the phenomenon is fascinating because it constitutes an innovation from the cultural sector that has already had broad applications in many other aspects of the economy.
KW - Sociology
KW - Sustainability sciences, Management & Economics
KW - Economics
UR - http://www.scopus.com/inward/record.url?scp=85140118441&partnerID=8YFLogxK
U2 - 10.4337/9781788975803
DO - 10.4337/9781788975803
M3 - Contributions to collected editions/anthologies
SN - 978 1 78897 579 7
SP - 158
EP - 167
BT - Handbook of Cultural Economics
A2 - Towse, ruth
A2 - Hernandez, Trilce Navarrete
PB - Edward Elgar Publishing
ER -