An Examination of Velocity and Initial Coin Offerings
Author
Abstract
Suggested Citation
DOI: 10.1287/mnsc.2022.4314
Download full text from publisher
References listed on IDEAS
- Grossman, Sanford J & Stiglitz, Joseph E, 1980.
"On the Impossibility of Informationally Efficient Markets,"
American Economic Review, American Economic Association, vol. 70(3), pages 393-408, June.
- Sanford J Grossman & Joseph E Stiglitz, 1997. "On the Impossibility of Informationally Efficient Markets," Levine's Working Paper Archive 1908, David K. Levine.
- Robert Gibbons & Richard Holden & Michael Powell, 2012. "Organization and Information: Firms' Governance Choices in Rational-Expectations Equilibrium," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(4), pages 1813-1841.
- Albert S. Hu & Christine A. Parlour & Uday Rajan, 2019. "Cryptocurrencies: Stylized facts on a new investible instrument," Financial Management, Financial Management Association International, vol. 48(4), pages 1049-1068, December.
- Christian Catalini & Joshua S. Gans, 2018. "Initial Coin Offerings and the Value of Crypto Tokens," NBER Working Papers 24418, National Bureau of Economic Research, Inc.
- Grossman, Sanford J & Stiglitz, Joseph E, 1976. "Information and Competitive Price Systems," American Economic Review, American Economic Association, vol. 66(2), pages 246-253, May.
- Canidio, Andrea, 2018. "Financial incentives for open source development: the case of Blockchain," MPRA Paper 85352, University Library of Munich, Germany.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Conlon, Thomas & Corbet, Shaen & Hou, Yang (Greg), 2024. "Contagion effects of permissionless, worthless cryptocurrency tokens: Evidence from the collapse of FTX," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
- Yuxin Zhang & Rajiv Garg & Linda L. Golden & Patrick L. Brockett & Ajit Sharma, 2024. "Segmenting Bitcoin Transactions for Price Movement Prediction," JRFM, MDPI, vol. 17(3), pages 1-17, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Richard Holden & Anup Malani, 2019. "The ICO Paradox: Transactions Costs, Token Velocity, and Token Value," NBER Working Papers 26265, National Bureau of Economic Research, Inc.
- Ian Gale & Joseph Stiglitz, 1989. "A Simple Proof That Futures Markets are Almost Always Informationally Inefficient," NBER Working Papers 3209, National Bureau of Economic Research, Inc.
- Berliant, Marcus & Yu, Chia-Ming, 2013.
"Rational expectations in urban economics,"
Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 197-208.
- Berliant, Marcus & Yu, Chia-Ming, 2009. "Rational expectations in urban economics," MPRA Paper 12709, University Library of Munich, Germany.
- Berliant, Marcus & Yu, Chia-Ming, 2009. "Rational expectations in urban economics," MPRA Paper 17327, University Library of Munich, Germany.
- Berliant, Marcus & Yu, Chia-Ming, 2010. "Rational Expectations in Urban Economics," MPRA Paper 22562, University Library of Munich, Germany.
- Berliant, Marcus & Yu, Chia-Ming, 2012. "Rational Expectations in Urban Economics," MPRA Paper 41356, University Library of Munich, Germany.
- Berliant, Marcus & Yu, Chia-Ming, 2011. "Rational expectations in urban economics," MPRA Paper 33754, University Library of Munich, Germany.
- Berliant, Marcus & Yu, Chia-Ming, 2012. "Rational expectations in urban economics," MPRA Paper 37121, University Library of Munich, Germany.
- Stephen D. Parsons, 2005. "Fair‐Play Obligations: A Critical Note on Free Riding," Political Studies, Political Studies Association, vol. 53(3), pages 641-649, October.
- Ackert, Lucy F. & Church, Bryan K. & Shehata, Mohamed, 1997. "Market behavior in the presence of costly, imperfect information: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 33(1), pages 61-74, May.
- Eliasson, Gunnar & Eliasson, Åsa, 2006. "The Pharmacia Story of Entrepreneurship and as a Creative Technical University - An Experiment in Innovation, Organizational Break Up and Industrial Renaissance," Ratio Working Papers 97, The Ratio Institute.
- García Iborra, Rafael & Howden, David, 2016. "Uses and Misuses of Arbitrage in Financial Theory, and a Suggested Alternative," MPRA Paper 79802, University Library of Munich, Germany.
- Challe, Edouard & Chrétien, Edouard, 2015.
"Market composition and price informativeness in a large market with endogenous order types,"
Journal of Economic Theory, Elsevier, vol. 158(PB), pages 679-696.
- Edouard Challe & Edouard Chretien, 2014. "Market composition and price informativeness in a large market with endogenous order types," Working Papers hal-01060216, HAL.
- Li, Jinfang, 2022. "The sentiment pricing dynamics with short-term and long-term learning," The North American Journal of Economics and Finance, Elsevier, vol. 63(C).
- Anagnostidis, Panagiotis & Fontaine, Patrice & Varsakelis, Christos, 2020. "Are high–frequency traders informed?," Economic Modelling, Elsevier, vol. 93(C), pages 365-383.
- Anton Miglo, 2022.
"Choice between IEO and ICO: Speed vs. Liquidity vs. Risk,"
FinTech, MDPI, vol. 1(3), pages 1-18, September.
- Miglo, Anton, 2020. "Choice Between IEO and ICO: Speed vs. Liquidity vs. Risk," MPRA Paper 99600, University Library of Munich, Germany.
- F. Chiaromonte & M. Berte, 1998. "Some Preliminary Experiments with the Financial "Toy-Room"," Working Papers ir98091, International Institute for Applied Systems Analysis.
- Mäkinen, Taneli & Ohl, Björn, 2015.
"Information acquisition and learning from prices over the business cycle,"
Journal of Economic Theory, Elsevier, vol. 158(PB), pages 585-633.
- Mäkinen, Taneli & Ohl, Björn, 2012. "Information Acquisition and Learning from Prices Over the Business Cycle," SSE/EFI Working Paper Series in Economics and Finance 740, Stockholm School of Economics, revised 19 Mar 2013.
- BjÖrn Ohl & Taneli Mäkinen, 2014. "Information acquisition and learning from prices over the business cycle," NBP Working Papers 176, Narodowy Bank Polski.
- Mäkinen, Taneli & Ohl, Björn, 2014. "Information acquisition and learning from prices over the business cycle," Bank of Finland Research Discussion Papers 7/2014, Bank of Finland.
- Taneli M�kinen & Bj�rn Ohl, 2014. "Information acquisition and learning from prices over the business cycle," Temi di discussione (Economic working papers) 946, Bank of Italy, Economic Research and International Relations Area.
- Franck Galtier & François Bousquet & Martine Antona & Pierre Bommel, 2012. "Markets as communication systems," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 161-201, January.
- Josef Falkinger, 2014. "In search of economic reality under the veil of financial markets," ECON - Working Papers 154, Department of Economics - University of Zurich.
- Corgnet, Brice & Deck, Cary & DeSantis, Mark & Porter, David, 2018.
"Information (non)aggregation in markets with costly signal acquisition,"
Journal of Economic Behavior & Organization, Elsevier, vol. 154(C), pages 286-320.
- Brice Corgnet & Cary Deck & Mark DeSantis & David Porter, 2017. "Information (Non)Aggregation in Markets with Costly Signal Acquisition," Working Papers 1735, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Brice Corgnet & Cary Deck & Mark Desantis & David Porter, 2018. "Information (Non)Aggregation in Markets with Costly Signal Acquisition," Post-Print halshs-01937794, HAL.
- Brice Corgnet & Cary Deck & Mark Desantis & David Porter, 2018. "Information (non)aggregation in markets with costly signal acquisition," Post-Print hal-02312202, HAL.
- Brice Corgnet & Cary Deck & Mark DeSantis & David Porter, 2017. "Information (Non)Aggregation in Markets with Costly Signal Acquisition," Working Papers 17-24, Chapman University, Economic Science Institute.
- Brice Corgnet & Cary Deck & Mark Desantis & David Porter, 2017. "Information (Non)Aggregation in Markets with Costly Signal Acquisition," Working Papers halshs-01686493, HAL.
- Garratt, Rodney J. & van Oordt, Maarten R.C., 2022.
"Entrepreneurial incentives and the role of initial coin offerings,"
Journal of Economic Dynamics and Control, Elsevier, vol. 142(C).
- Rod Garratt & Maarten van Oordt, 2019. "Entrepreneurial Incentives and the Role of Initial Coin Offerings," Staff Working Papers 19-18, Bank of Canada.
- Giovanni Ferri & Andrea Morone, 2014.
"The effect of rating agencies on herd behaviour,"
Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 9(1), pages 107-127, April.
- Andrea Morone & Giovanni Ferri, 2008. "The Effect of Rating Agencies on Herd Behaviour," SERIES 0022, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Nov 2008.
- Giovanni Ferri & Andrea Morone, 2008. "The Effect of Rating Agencies on Herd Behaviour," EERI Research Paper Series EERI_RP_2008_21, Economics and Econometrics Research Institute (EERI), Brussels.
- Grigori Erenburg & Janet Kiholm Smith & Richard L. Smith, 2011. "The Paradox of “Fraud‐on‐the‐Market Theory”: Who Relies on the Efficiency of Market Prices?," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 8(2), pages 260-303, June.
- Julien Prat & Vincent Danos & Stefania Marcassa, 2019.
"Fundamental Pricing of Utility Tokens,"
THEMA Working Papers
2019-11, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Julien Prat & Vincent Danos & Stefania Marcassa, 2021. "Fundamental Pricing of Utility Tokens," Working Papers hal-03096267, HAL.
- Julien Prat & Vincent Danos & Stefania Marcassa, 2019. "Fundamental Pricing of Utility Tokens," Working Papers hal-03096284, HAL.
More about this item
Keywords
blockchain; initial coin offerings; security token offerings; cryptoeconomics; utility token; equation of exchange; transactions costs; cryptocurrencies;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:68:y:2022:i:12:p:9026-9041. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.