The DOI matches its Crossref record; 39 of the 39 references it cites were found in a registry or an index.
Some Simple Economics of the Blockchain
Open accessAbstract
We build on economic theory to discuss how blockchain technology can shape innovation and competition in digital platforms.We identify two key costs affected by the technology: the cost of verification and the cost of networking.The cost of verification relates to the ability to cheaply verify state, including information about past transactions and their attributes, and current ownership in a native digital asset.The cost of networking, instead, relates to the ability to bootstrap and operate a marketplace without assigning control to a centralized intermediary.This is achieved by combining the ability to cheaply verify state with economic incentives targeted at rewarding state transitions that are particularly valuable from a network perspective, such as the contribution of the resources needed to operate, scale, and secure a decentralized network.The resulting digital marketplaces allow participants to make joint investments in shared infrastructure and digital public utilities without assigning market power to a platform operator, and are characterized by increased competition, lower barriers to entry, and a lower privacy risk.Because of their decentralized nature, they also introduce new types of inefficiencies and governance challenges.
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Bitcoin: A Peer-to-Peer Electronic Cash System
Wright, C. S. (2008) · SSRN Electronic Journal · doi:10.2139/ssrn.3440802 · Cited by 13,922
Bitcoin: A Peer-to-Peer Electronic Cash System
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General purpose technologies ‘Engines of growth’?
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Some Simple Economics of Open Source
Lerner, J., & Tirole, J. (2002) · The Journal of Industrial Economics · doi:10.1111/1467-6451.00174 · Cited by 2,355
Open source software and the “private-collective” innovation model: Issues for organization science
Hippel, E. V., & Krogh, G. V. (2003) · Organization Science · doi:10.1287/orsc.14.2.209.14992 · Cited by 2,145
Bitcoin: Economics, Technology, and Governance
Böhme, R., Christin, N., Edelman, B., & Moore, T. (2015) · Journal of Economic Perspectives · doi:10.1257/jep.29.2.213 · Cited by 1,823
(2017) · Cited by 1,724
Information and the Change in the Paradigm in Economics
Stiglitz, J. E. (2002) · American Economic Review · doi:10.1257/00028280260136363 · Cited by 1,455
Bitcoin and Cryptocurrency Technologies : A Comprehensive Introduction
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Blockchain for the future of sustainable supply chain management in Industry 4.0
Esmaeilian, B., Sarkis, J., Lewis, K., & Behdad, S. (2020) · Resources, Conservation and Recycling · doi:10.1016/j.resconrec.2020.105064 · Cited by 855
Blockchain Technology for Healthcare: Facilitating the Transition to Patient-Driven Interoperability
Gordon, W. J., & Catalini, C. (2018) · Computational and Structural Biotechnology Journal · doi:10.1016/j.csbj.2018.06.003 · Cited by 828
Self-citationBiais, B., Bisière, C., Bouvard, M., & Casamatta, C. (2019) · The Review of Financial Studies · doi:10.1093/rfs/hhy095 · Cited by 565
Quantification of energy and carbon costs for mining cryptocurrencies
Krause, M. J., & Tolaymat, T. (2018) · Nature Sustainability · doi:10.1038/s41893-018-0152-7 · Cited by 447
Transaction Cost Theory: Past Progress, Current Challenges, and Suggestions for the Future
Cuypers, I. R. P., Hennart, J.-F., Silverman, B. S., & Ertug, G. (2021) · Academy of Management Annals · doi:10.5465/annals.2019.0051 · Cited by 384
Metadata
- Authors
- Catalini, C., & Gans, J.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2016-12
- OpenAlex
- W3123130758
- Cited by
- 403
- References
- 39
- Type
- report
- Language
- en
- Open access
- green
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