TY - JOUR A1 - Koch, Jascha-Alexander A1 - Lausen, Jens A1 - Kohlhase, Moritz T1 - Internalizing the externalities of overfunding on crowdfunding platforms T2 - EFL quarterly : an E-Finance Lab publication N2 - CROWDFUNDING PLATFORMS HAVE BECOME A VALUABLE ALTERNATIVE TO TRADITIONAL SOURCES OF FINANCING. HOWEVER, SOME PHENOMENA ON CROWDFUN DING PLATFORMS CAUSE UNDESIRABLE EXTERNAL EFFECTS THAT CAN ADVERSELY INFLUENCE THE FUNDING SUCCESS OF PROJECTS. ONE SUCH PHENOMENON IS PROJECT OVERFUNDING. IN ORDER TO INTERNALIZE THE EXTERNALITIES OF OVER FUNDING, WE PROPOSE A FUNDING REDISTRIBUTION APPROACH FOR IMPROVING OVERALL FUNDING RESULTS. TO EVALUATE THIS CONCEPT, WE DEVELOP AND DEPLOY AN AGENT-BASED MODEL. Y1 - 2019 UR - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/58044 UR - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-580441 SN - 1866-1238 VL - 2019 IS - 3 SP - 4 EP - 5 PB - E-Finance Lab e.V. CY - Frankfurt am Main ER -