![](https://neoma-bs.com/sites/default/files/uploaded_images/profs-neoma_0.png)# GAZEL Marco { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://neoma-bs.com/" }, { "@type": "ListItem", "position": 2, "name": "GAZEL\u0020Marco", "item": "https://neoma-bs.com/node/8603.md" } ] } - [Home](https://neoma-bs.com/) - GAZEL Marco ![](/sites/default/files/styles/large/public/uploaded_images/photos_academ/30243-gazel-marco.jpg?itok=vFcsaVgR)GAZEL Marco Assistant Professor - About - Academic publications [Finance](https://neoma-bs.com/departements/finance) PhD, Economics Marco is Assistant Professor of Digital Finance and Behavioral Finance at NEOMA Business School. He holds a PhD in Economic Sciences from Paris School of Economics. His current research focuses on socio-economic risks and challenges related to the digitalization of the financial sector. Marco's main interest is to understand the necessary conditions to support a strong entrepreneurial activity in these sectors, including the role of alternative sources of funding such as crowdfunding platforms. His work has been published in Small Business Economics, Theory and Decision, and Revue Economique. Marco also has over 15 years of industrial experience, working and undertaking in the financial sector. ### Areas of research - Alternative Finance - Fintech startups - Entrepreneurial skills - Economics of Education ## Recent academic contributions BERNARD, A., M. GAZEL, "In or out? Crowding effects in public goods with private gifts: Evidence from crowdfunding", *Journal of Economic Behavior and Organization*, July 2025, vol. 235 DOI : [ 10.1016/j.jebo.2025.107023 ](https://dx.doi.org/10.1016/j.jebo.2025.107023) LÉVY-GARBOUA, L., M. GAZEL, N. BERLIN, J. DUL, T. LUBART, "Creative cognition as a bandit problem", *Learning and Individual Differences*, April 2024, vol. 111, pp. 102438 DOI : [ 10.1016/j.lindif.2024.102438 ](https://dx.doi.org/10.1016/j.lindif.2024.102438) GAZEL, M., J. JACQMIN, "Les edtechs : émergence et soutenabilité d’un nouvel acteur de l’enseignement", *Annales des Mines - Enjeux numériques*, December 2023, vol. 24 ## Publications BERNARD, A., M. GAZEL, "In or out? Crowding effects in public goods with private gifts: Evidence from crowdfunding", *Journal of Economic Behavior and Organization*, July 2025, vol. 235 DOI : [ 10.1016/j.jebo.2025.107023 ](https://dx.doi.org/10.1016/j.jebo.2025.107023) LÉVY-GARBOUA, L., M. GAZEL, N. BERLIN, J. DUL, T. LUBART, "Creative cognition as a bandit problem", *Learning and Individual Differences*, April 2024, vol. 111, pp. 102438 DOI : [ 10.1016/j.lindif.2024.102438 ](https://dx.doi.org/10.1016/j.lindif.2024.102438) GAZEL, M., J. JACQMIN, "Les edtechs : émergence et soutenabilité d’un nouvel acteur de l’enseignement", *Annales des Mines - Enjeux numériques*, December 2023, vol. 24 GAZEL, M., A. SCHWIENBACHER, "Entrepreneurial Fintech Clusters", *Small Business Economics*, August 2021, vol. 57, no. 2, pp. 883 - 903 DOI : [ 10.1007/s11187-020-00331-1 ](https://dx.doi.org/10.1007/s11187-020-00331-1) GAZEL, M., "How the digitalization of financial services can contribute to reduce social inequality", *Global Banking & Finance review*, June 2020 LÉVY-GARBOUA, L., M.ASKARI, M.GAZEL, "Confidence biases and learning among intuitive Bayesians", *Theory and Decision*, May 2018, vol. 84, no. 3, pp. 453-482 DOI : [ 10.1007/s11238-017-9612-1 ](https://dx.doi.org/10.1007/s11238-017-9612-1) BERNARD, A., M.GAZEL, "Soutenir un projet de financement participatif : une contribution risquée ?", *Revue Economique*, May 2017, vol. 68, no. 5, pp. 895-894 ## Others GAZEL, M. - "Why French FinTech is becoming a tour de force -citation- FintechGlobal" - 2020 ## Chapters LÉVY-GARBOUA, L., M. GAZEL, "Creativity and Consumer Behavior: An Economic Analysis" in *Homo Creativus*., Todd Lubart, Marion Botella, Samira Bourgeois -Bougrine, Xavier Caroff, Jerome Guegan, Christophe Mouchiroud, Julien Nelson, Franck Zenasni Eds, Springer International Publishing, pp. 235–247, 2022 DOI : [ 10.1007/978-3-030-99674-1\_13 ](https://dx.doi.org/10.1007/978-3-030-99674-1_13) BERNARD, A., M.GAZEL, "La place de la foule dans le financement de projets musicaux : les financeurs participatifs et l’industrie financent-ils les mêmes projets ?" in *Financement participatif : une voie d’avenir pour la culture? Paris: Ministère de la Culture-Département des études, de la prospective et des statistiques, et les Presses de Sciences Po.*., Moreau, F., and Nicolas Y. Eds, Sciences Po Les Presses, 2018 ## Conferences GAZEL, M., A.BERNARD, "Backers’ prosocial motives to crowdfund artistic projects: experimental evidence" in *3rd European Alternative Finance Research Conference*, 2019, Utrecht, Netherlands GAZEL, M., A.BERNARD, "Backers’ prosocial motives to crowdfund artistic projects: experimental evidence" in *2nd International Conference on Digital, Innovation, Entrepreneurship & Financing, Valencia, Spain*, 2019 GAZEL, M., A.SCHWIENBACHER, "Entrepreneurial fintech clusters" in *2nd European Alternative Finance Research Conference*, 2018, Utrecht, Netherlands ## Conference contributions GAZEL, M., L.LÉVY-GARBOUA, "An experimental investigation of the efficiency of educational systems" in *JMA (Journées de Microéconomie Appliquée)*, 2017, Le Mans, France GAZEL, M., A.BERNARD, "Backers’ prosocial motives to crowdfund artistic projects: experimental evidence" in *ACEI meeting (Association for Cultural Economics International)*, 2016, Valladolid, Spain GAZEL, M., A.BERNARD, "Backers’ prosocial motives to crowdfund artistic projects: experimental evidence" in *First workshop on ‘Behavioral Data Linking’*, 2016, London, United Kingdom GAZEL, M., L.LÉVY-GARBOUA, M.ASKARI, "Confidence biases and learning among intuitive Bayesians" in *QED Jamboree 2016 (Quantitative Economics Doctorate)*, 2016, Amsterdam, Netherlands GAZEL, M., L.LÉVY-GARBOUA, M.ASKARI, "An experimental investigation of the efficiency of educational systems" in *ASFEE meeting (French Experimental Economics Association)*, 2016, Paris, France GAZEL, M., L.LÉVY-GARBOUA, M.ASKARI, "An experimental investigation of the efficiency of educational systems" in *ESA European Meeting (Economic Science Association)*, 2015, Heidelberg, Germany GAZEL, M., L.LÉVY-GARBOUA, M.ASKARI, "Confidence biases and learning among intuitive Bayesians" in *ASFEE meeting (French Experimental Economics Association)*, 2014, Besançon, France