2021
DOI: 10.22503/inftars.xxi.2021.2.7
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Monetary Incentivization of Crowds by Platforms

Abstract: The platform industry is currently on the rise, and with so many platforms, acquiring users and getting them to engage can be challenging. To address this, many platforms are relying on crowdfunding, network effects and incentives, including monetary incentives. But what techniques are platforms using to monetarily incentivize their crowd? Although the study of platform dynamics has been on the rise, including research on crowdsourcing, network effects and incentivization, there is no present research being do… Show more

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Cited by 11 publications
(8 citation statements)
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“…Project initiators and backers are often private persons but can also be NGOs or startups [69]. Backers, in their role as platform users, can be influenced by social networks [74][75][76], and their motivation for involvement can also vary [77]. It is also important to underline that their behavior can be influenced by the decisions of other backers [78].…”
Section: Crowdfundingmentioning
confidence: 99%
See 2 more Smart Citations
“…Project initiators and backers are often private persons but can also be NGOs or startups [69]. Backers, in their role as platform users, can be influenced by social networks [74][75][76], and their motivation for involvement can also vary [77]. It is also important to underline that their behavior can be influenced by the decisions of other backers [78].…”
Section: Crowdfundingmentioning
confidence: 99%
“…A crowdfunding type with a profit-oriented promise focuses on financing startups, but also on granting consumer credits. In return, the backers are offered monetary benefits [77]. Representative platforms are FundedByMe or Prosper [73].…”
Section: Crowdfundingmentioning
confidence: 99%
See 1 more Smart Citation
“…, 2022), such platforms have become more prevalent in recent years (Piasna et al. , 2022; Eurofound, 2018, 2021; Konhäusner et al. , 2021a, b; Fabo et al.…”
Section: Introductionmentioning
confidence: 99%
“…The literature shows [35] that digital technologies and infrastructures are significantly changing the collaborative approach of companies. Platforms serve as an acquisition channel and source of information [26,36,37].…”
mentioning
confidence: 99%