The art of crowdfunding arts and innovation: the cultural economic perspective (Presented by Christian Handke and Carolina Dalla Chiesa ). The Cultural Economics Online Seminar (CEOS) was initiated in 2021 as a means to provide a forum to bring members of the ACEI community together during the COVID-19 pandemic. CEOS aims to provide a forum…

Which novelties do donation- and reward-based crowdfunding bring to philanthropy? Scholars interested in crowdfunding contributed to developing empirical explanations on which features impact online giving. However, the focus on theory building is limited. We developed a theoretical framework by categorizing the empirical findings reported in 198 studies, which resulted in four crowdfunding features impacting giving:…

This paper analyses the factors that make fashion-product crowdfunding campaigns successful. The authors argue that crowdfunding is an innovative and functional way of bringing new fashion items to the market. The purpose of this paper is to answer the question whether product innovation, lifecycle and sustainability have a positive effect on the success of fashion…

Crowdfunding is an innovation from the cultural sector that has found broad applications in other aspects of the economy. We document that cultural economics provides a refined structure to explain much of the crowdfunding phenomenon, which will be useful for any research on this topic. Based on central themes of cultural economics (including quality and…

Crowdfunding is known as a funding solution for creative projects. Creators and business ventures consider crowdfunding as an outlet for promoting creative projects and raising funds. The literature and the media coverage overemphasized its benefits without taking into account key limitations for specific sectors. Based on exploratory, qualitative data gathering, this article investigates what artists…

Crowdfunding is a novel fundraising model widely used by the cultural and creative sectors. Most literature focuses on quantitive success-factors and analyses. The richness of this phenomenon deserves other complementary approaches to uncover theoretical and empirical concerns. What do the fundraisers expect from crowdfunding? To which extent do these projects outreach communities and markets? How…

This article analyzes the role that crowdfunding plays for artists who create small-scale projects. We find that artists struggle to reach new audiences and, thus, mainly use this funding tool to transform monetary gifts into reputation for their careers. Crowdfunding platforms are believed to lower transaction costs while allowing for more direct engagement between founders…

This case study illustrates how identities can be conceived as knowledge commons and how they can develop and be mobilized in situations of public contestation. The chapter uses the case of an art exhibition project carried out during 2018 in Brazil that portrayed a large number of queer- and LGBT- related visual artworks from Latin…