“In my latest research contribution, I analyse the regulatory framework of crowdfunding in Switzerland, the UK and the USA. After describing crowdfunding and its potential as an alternative means to finance private consumption and small businesses, the article turns to economic analysis of the underlying issues of a generic unregulated crowdfunding market. It concludes that, due to the usually sharp information asymmetries, all elements of a typical market for lemons can be identified and, therefore, the crowdfunding market is prone to fail without adequate countermeasures …” (more)
[Tizian Troxler, Oxford Business Law Blog, 30 July]
First posted 2020-07-30 04:47:44
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