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The Rise of Cloud Computing : Minding Your P’s, Q’s and K’s
Byrne, David - 2018
Cloud computing--computing done on an off-site network of resources accessed through the Internet--is revolutionizing how computing services are used. However, because cloud is so new and it largely is an intermediate input to other industries, it is difficult to track in the U.S. statistical...
Persistent link: https://www.econbiz.de/10012480840
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Some Facts of High-Tech Patenting
Webb, Michael - 2018
Patenting in software, cloud computing, and artificial intelligence has grown rapidly in recent years. Such patents are acquired primarily by large US technology firms such as IBM, Microsoft, Google, and HP, as well as by Japanese multinationals such as Sony, Canon, and Fujitsu. Chinese...
Persistent link: https://www.econbiz.de/10012452928
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Lost in the Clouds : The Impact of Changing Property Rights on Investment in Cloud Computing Ventures
Lerner, Josh - 2015
Our analysis seeks to understand the impact of changing allocations of property rights on investment in new firms. We focus on the Cartoon Network, et al. v. Cablevision decision in the U.S., which narrowed the protection enjoyed by content creators (e.g., movie studios) and gave greater rights...
Persistent link: https://www.econbiz.de/10012457526
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Automation and the Workforce : A Firm-Level View from the 2019 Annual Business Survey
Acemoglu, Daron; Anderson, Gary; Beede, David Nathan; … - National Bureau of Economic Research - 2022
This paper describes the adoption of automation technologies by US firms across all economic sectors by leveraging a new module introduced in the 2019 Annual Business Survey, conducted by the US Census Bureau in partnership with the National Center for Science and Engineering Statistics (NCSES)....
Persistent link: https://www.econbiz.de/10013462707
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Decentralization Through Tokenization
Sockin, Michael; Xiong, Wei - National Bureau of Economic Research - 2022
We examine decentralization of digital platforms through tokenization as an innovation to resolve the conflict between platforms and users. By delegating control to users, tokenization through utility tokens acts as a commitment device that prevents a platform from exploiting users. This...
Persistent link: https://www.econbiz.de/10012938689
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A Solomonic Solution to Ownership Disputes : An Application to Blockchain Front-Running
Gans, Joshua; Holden, Richard T. - National Bureau of Economic Research - 2022
Blockchain front-running involves multiple agents, other than the legitimate agent, claiming a payment from performing … a contract. It arises because of the public nature of blockchain transactions and potential network congestion. This … eliminates blockchain front-running. In each case, the mechanism relies on threats to remove ownership from all claimants and …
Persistent link: https://www.econbiz.de/10012938749
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Blockchain Analysis of the Bitcoin Market
Makarov, Igor; Schoar, Antoinette - National Bureau of Economic Research - 2021
participants on the blockchain. Second, we document the concentration and regional composition of the miners which are the backbone … of the verification protocol and ensure the integrity of the blockchain ledger. Finally, we analyze the ownership …
Persistent link: https://www.econbiz.de/10012660074
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An Economic Model of Consensus on Distributed Ledgers
Hałaburda, Hanna; He, Zhiguo; Li, Jiasun - National Bureau of Economic Research - 2021
In recent years, the designs of many new blockchain applications have been inspired by the Byzantine fault tolerance …
Persistent link: https://www.econbiz.de/10012696424
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Blockchain Economics
Abadi, Joseph - 2018
When is record-keeping better arranged through a blockchain than through a traditional centralized intermediary? The … out a blockchain trilemma: no ledger can satisfy all three properties simultaneously. A centralized record-keeper extracts …
Persistent link: https://www.econbiz.de/10012481054
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The Economic Limits of Bitcoin and the Blockchain
Budish, Eric - 2018
, these two equations imply that (3) the recurring, "flow", payments to miners for running the blockchain must be large … versus stock) if both (i) the mining technology used to run the blockchain is both scarce and non-repurposable, and (ii) any … majority attack is a "sabotage" in that it causes a collapse in the economic value of the blockchain; however, reliance on non …
Persistent link: https://www.econbiz.de/10012453003