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Crowdfunding in a Competitive Environment

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Figure

Table 1. Notations description.
Figure 1. Matrix of payoffs.
Figure 4. Matrix of payoffs under risk of campaign failure.
Figure 5. a = 1 , = 0:1 . x-axis-probability of campaign success . y-axis: solid line- …rm payo¤ in case (CF,CF); dash line- Firm 1 payo¤ in case (S,CF).
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