Working paper by Chris Berg Abstract: In the new institutional economics of the blockchain, the blockchain is an institutional technology – a protocol – to coordinate exchange between groups that may have different technological and institutional capacities. Blockchain is not the only technology in history to have these characteristics. This paper looks at the role […]
Opinion piece by Chris Berg, Sinclair Davidson and Jason Potts Published in the Australian Financial Review. If we could give Malcolm Turnbull one piece of economic advice right now – one piece of advice about how to protect the economy against a challenging and uncertain future – it would be this: don’t mess with encryption. Earlier […]
Working paper by Chris Berg Abstract: Representative democracy consists of a chain of delegation from voters to the executive and a corresponding chain of accountability, with some questions (particularly constitutional questions) reserved for popular vote. This structure reflects the high transaction costs of coordinating preferences among a large and diverse population, which has in part […]
Opinion piece by Chris Berg Published in the Canberra Times Modern governments use a lot of data. A lot. Our social services are organised by massive databases. Health, welfare, education and the pension all require reams of information about identity, social needs, eligibility, and entitlement. A major investigation is underway into how patients’ Medicare details […]
Working Paper by Jason Potts, Ellie Rennie and Jake Goldenfein Abstract: The Smart City agenda of integrating ICT and Internet of Things (IoT) informatic infrastructure to improve the efficiency and adaptability of city governance has been shaping urban development policy for more than a decade now. A smart city has more data, gathered though new […]
Working paper by Darcy WE Allen, Chris Berg, Aaron M Lane, and Jason Potts Abstract: Democracy is an economic problem of choice constrained by transaction costs and information costs. Society must choose between competing institutional frameworks for the conduct of voting and elections. These decisions are constrained by the technologies and institutions available. Blockchains are […]
Paper by Sinclair Davidson, Primavera De Filippi, and Jason Potts Accepted in the Journal of Institutional Economics Abstract: Blockchains are a new digital technology that combines peer-to-peer network computing and cryptography to create an immutable decentralised public ledger. When the ledger records money, a blockchain is a cryptocurrency, such as bitcoin. But ledger entries can record […]
By Darcy WE Allen Abstract: This paper analyses the private governance mechanisms facilitating the entrepreneurial discovery of uses for a new potential general purpose technology, blockchain. The contribution is to outline and analyse three main types of private governance mechanisms in which crypto-entrepreneurs undertake non-price coordination with others, including bitcoin embassies, hack-a-thons and online forums. […]
Chapter by Trent J MacDonald, Darcy WE Allen, and Jason Potts Abstract: This chapter uses economic theory to explore the implications of blockchain technology on the future of banking. We apply an economic analysis of blockchains based on both new institutional economics and public choice economics. Our main focus is on the economics of why […]
By Darcy WE Allen Abstract: An enquiry into the entrepreneurial development of the crypto-economy: a new decentralised frontier society defined by the potential general purpose technology, blockchain. The process of discovering blockchain governance mechanisms for the crypto-economy is analogous to an economic development problem, requiring non-price coordination of dispersed knowledge about the complementarities of ‘protective-tier’ […]
© Cryptoeconomics 2019. Powered by WordPress
