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Regular version of the site
CEUR-WS Proceedings of the Workshop on Computer Modelling in Decision Making (CMDM 2017)

Edited by: A. Althonayan, T. Belkina, V. Mkhitaryan et al.

Vol. 2018. Aachen: CEUR-WS, 2017.

Multivariate asset-pricing model based on subordinated stable processes
In press

Panov V., Samarin E.

Applied Stochastic Models in Business and Industry. 2019. P. 1-17.

Book chapter
The Role of Vocational Education in the Formation of Career Trajectories in Russia

Egorov A.

In bk.: Procedings of the 13th European Conference on Innovation and Entrepreneurship. ACPI, 2018. P. 240-246.

Working paper
Universities' Efficiency and Regional Economic Short-run Growth: Empirical Evidence from Russia

Agasisti T., Egorov A., Zinchenko D. et al.

Economics/EC. WP BRP. Высшая школа экономики, 2018

FES International Research Seminar Series with Lecturer Robertas Zubrickas, University of Bath, UK

Event ended

Our next speaker in the FES International Research Seminar Series is Robertas Zubrickas, who is a Lecturer at the University of Bath, UK                                                                         

 Speaker: Robertas Zubrickas, University of Bath                                                                                                                                                                                                                                   Title: Donation-Based Crowdfunding with Refund Bonuses (joint with Timothy Cason)                                                                                                                                                                     

 The abstract: We study donation-based crowdfunding for threshold public good provision. Our main focus is on an extension with refund bonuses aimed at resolving the problems of equilibrium coordination and free riding. In the case of insufficient contributions, contributors not only have their contributions refunded but they also receive refund bonuses proportional to their pledged contributions. Thus, refund bonuses encourage more contributions but ultimately enough is raised given sufficient preference for the public good and in equilibrium no bonuses need to be paid. We test the predicted effects of refund bonuses in an experiment using a laboratory-based crowdfunding platform that features most main aspects of real-life platforms. Our main empirical result is that refund bonuses substantially increase the rate of funding success when contributors can support multiple projects. Furthermore, our findings also demonstrate that refund bonuses lead to significant economic gains even after accounting for their costs.

 Time: 13:40-15:00

 Venue: Shabolovka campus, room 3211

 FES Seminars webpagehttps://economics.hse.ru/en/seminars/ 

 For external participants:
 to order the pass, please contact Disa Malbakhova dmalbakhova@hse.ru