Monopoly without a monopolist: An economic analysis of the bitcoin payment system
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Joshua S. Gans & Hanna Halaburda, 2015.
"Some Economics of Private Digital Currency,"
NBER Chapters, in: Economic Analysis of the Digital Economy, pages 257-276,
National Bureau of Economic Research, Inc.
- Joshua S. Gans & Hanna Halaburda, 2013. "Some Economics of Private Digital Currency," Staff Working Papers 13-38, Bank of Canada.
- Christian Catalini & Joshua S. Gans, 2016. "Some Simple Economics of the Blockchain," NBER Working Papers 22952, National Bureau of Economic Research, Inc.
- Neil Gandal & Hanna Halaburda, 2014.
"Competition in the Cryptocurrency Market,"
Staff Working Papers
14-33, Bank of Canada.
- Gandal, Neil & Halaburda, Hanna, 2014. "Competition in the Cryptocurrency Market," CEPR Discussion Papers 10157, C.E.P.R. Discussion Papers.
- Neil Gandal & Hanna Halaburda, 2014. "Competition in the Cryptocurrency Market," Working Papers 14-17, NET Institute.
- Neil Gandal & Hanna Halaburda, 2014. "Competition in the Cryptocurrency Market," CESifo Working Paper Series 4980, CESifo.
- Richard A. Posner, 1975.
"The Social Costs of Monopoly and Regulation,"
Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 45-65,
Springer.
- Posner, Richard A, 1975. "The Social Costs of Monopoly and Regulation," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 807-827, August.
- Richard A. Posner, 1974. "Social Costs of Monopoly and Regulation," NBER Working Papers 0055, National Bureau of Economic Research, Inc.
- David Yermack, 2013. "Is Bitcoin a Real Currency? An economic appraisal," NBER Working Papers 19747, National Bureau of Economic Research, Inc.
- Rafael Hassin, 1995. "Decentralized Regulation of a Queue," Management Science, INFORMS, vol. 41(1), pages 163-173, January.
- Lui, Francis T, 1985. "An Equilibrium Queuing Model of Bribery," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 760-781, August.
- Robert J. Dolan, 1978. "Incentive Mechanisms for Priority Queuing Problems," Bell Journal of Economics, The RAND Corporation, vol. 9(2), pages 421-436, Autumn.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zhong Xu & Chuanwei Zou, 2021. "What can blockchain do and cannot do?," China Economic Journal, Taylor & Francis Journals, vol. 14(1), pages 4-25, January.
- Rico-Peña, Juan Jesús & Arguedas-Sanz, Raquel & López-Martin, Carmen, 2023. "Models used to characterise blockchain features. A systematic literature review and bibliometric analysis," Technovation, Elsevier, vol. 123(C).
- Makarov, Igor & Schoar, Antoinette, 2018. "Trading and Arbitrage in Cryptocurrency Markets," LSE Research Online Documents on Economics 118909, London School of Economics and Political Science, LSE Library.
- Bonaparte, Yosef & Bernile, Gennaro, 2023. "A new “Wall Street Darling?” effects of regulation sentiment in cryptocurrency markets," Finance Research Letters, Elsevier, vol. 52(C).
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.- Hosain, Md Sajjad, 2018. "Bitcoin: Future transaction currency?," MPRA Paper 87588, University Library of Munich, Germany.
- Huberman, Gur & Leshno, Jacob & Moalleni, Ciamac, 2017.
"Monopoly Without a Monopolist: An Economic Analysis of the Bitcoin Payment System,"
CEPR Discussion Papers
12322, C.E.P.R. Discussion Papers.
- Huberman, Gur & Leshno, Jacob D. & Moallemi, Ciamac, 2017. "Monopoly without a monopolist : An economic analysis of the bitcoin payment system," Research Discussion Papers 27/2017, Bank of Finland.
- repec:zbw:bofrdp:2017_027 is not listed on IDEAS
- Thomas Kittsteiner & Benny Moldovanu, 2005.
"Priority Auctions and Queue Disciplines That Depend on Processing Time,"
Management Science, INFORMS, vol. 51(2), pages 236-248, February.
- Kittsteiner, Thomas & Moldovanu, Benny, 2004. "Priority Auctions and Queue Disciplines that Depend on Processing Time," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 5, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Philipp Afèche & Haim Mendelson, 2004. "Pricing and Priority Auctions in Queueing Systems with a Generalized Delay Cost Structure," Management Science, INFORMS, vol. 50(7), pages 869-882, July.
- Holtfort, Thomas & Horsch, Andreas & Schwarz, Joachim, 2022. "Economic, technological and social drivers of cryptocurrency market evolution and its managerial impact," Freiberg Working Papers 2022/01, TU Bergakademie Freiberg, Faculty of Economics and Business Administration.
- Manlu Chen & Ming Hu & Jianfu Wang, 2022. "Food Delivery Service and Restaurant: Friend or Foe?," Management Science, INFORMS, vol. 68(9), pages 6539-6551, September.
- Zhao, Chen & Wang, Zhongbin, 2023. "The impact of line-sitting on a two-server queueing system," European Journal of Operational Research, Elsevier, vol. 308(2), pages 782-800.
- Dwyer, Gerald P., 2015. "The economics of Bitcoin and similar private digital currencies," Journal of Financial Stability, Elsevier, vol. 17(C), pages 81-91.
- Jonathan Chiu & Thorsten V. Koeppl, 2017.
"The Economics Of Cryptocurrencies - Bitcoin And Beyond,"
Working Paper
1389, Economics Department, Queen's University.
- Jonathan Chiu & Thorsten Koeppl, 2019. "The Economics of Cryptocurrencies—Bitcoin and Beyond," Staff Working Papers 19-40, Bank of Canada.
- Jonathan Chiu, 2019. "The Economics of Cryptocurrencies -- Bitcoin and Beyond," 2019 Meeting Papers 425, Society for Economic Dynamics.
- Fry, John & Cheah, Eng-Tuck, 2016. "Negative bubbles and shocks in cryptocurrency markets," International Review of Financial Analysis, Elsevier, vol. 47(C), pages 343-352.
- Toke S. Aidt, 2016.
"Rent seeking and the economics of corruption,"
Constitutional Political Economy, Springer, vol. 27(2), pages 142-157, June.
- Toke S Aidt, 2016. "Rent seeking and the economics of corruption," Cambridge Working Papers in Economics 1621, Faculty of Economics, University of Cambridge.
- William P. Barnett & Daniel A. Levinthal, 2017. "Special Issue Introduction: Evolutionary Logics of Strategy and Organization," Strategy Science, INFORMS, vol. 2(1), pages 1-1, March.
- Serhat KARAOÐLAN & Tayfun ARAR & Onur BÝLGÝN, 2018. "Türkiye’de Kripto Para Farkýndalýðý ve Kripto Para Kabul Eden Ýþletmelerin Motivasyonlarý," Isletme ve Iktisat Calismalari Dergisi, Econjournals, vol. 6(2), pages 15-28.
- Luca J. Uberti, 2016. "The ‘sociological turn’ in corruption studies: Why fighting graft in the developing world is often unnecessary, and sometimes counterproductive," Progress in Development Studies, , vol. 16(3), pages 261-277, July.
- Theodore Pelagidis & Eleftheria Kostika, 2022. "Investigating the role of central banks in the interconnection between financial markets and cryptoassets," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(3), pages 481-507, September.
- Albert Y. Ha, 2001. "Optimal Pricing That Coordinates Queues with Customer-Chosen Service Requirements," Management Science, INFORMS, vol. 47(7), pages 915-930, July.
- Shiliang Cui & Zhongbin Wang & Luyi Yang, 2020. "The Economics of Line-Sitting," Management Science, INFORMS, vol. 66(1), pages 227-242, January.
- Beate Sauer, 2015. "Central Bank Behaviour Concerning the Level of Bitcoin Regulation as a Policy Variable," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 1(4), pages 273-286, April.
- Luyi Yang & Zhongbin Wang & Shiliang Cui, 2021. "A Model of Queue Scalping," Management Science, INFORMS, vol. 67(11), pages 6803-6821, November.
- Kim, Jaehong & Li, Mengling & Xu, Menghan, 0. "Priority search with outside options," Theoretical Economics, Econometric Society.
More about this item
JEL classification:
- D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
- D20 - Microeconomics - - Production and Organizations - - - General
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
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:zbw:bofrdp:rdp2017_027. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/bofgvfi.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.