.png){kind=icon}
返回
Blockchain Disruption and Smart Contracts
.png){kind=icon}
PRE
AI
DOI：10.1093/rfs/hhz007.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
Blockchain technology provides decentralized consensus and potentially enlarges the contracting space through smart contracts. Meanwhile, generating decentralized consensus entails distributing information that necessarily alters the informational environment. We analyze how decentralization relates to consensus quality and how the quintessential features of blockchain remold the landscape of competition. Smart contracts can mitigate informational asymmetry and improve welfare and consumer surplus through enhanced entry and competition, yet distributing information during consensus generation may encourage greater collusion. In general, blockchains sustain market equilibria with a wider range of economic outcomes. We further discuss the implications for antitrust policies targeted at blockchain applications. Received May 31, 2017; editorial decision May 29, 2018 by Editor Itay Goldstein.
Keyword:
TRANSPARENCY
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
5.4
论文数:
2.8K
被引数:
3.0W
机构
引用论文
.png){kind=icon}
分享收藏分享收藏
查看更多内容