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The greener, the higher : labor demand of automotive firms during the green transformation
Fackler, Thomas; Falck, Oliver; Goldbeck, Moritz; Hans, … - 2024
We investigate differences in labor demand between German automotive firms specializing in green propulsion technology and those with a focus on combustion engines. To this end, we introduce a firm-level labor demand index based on the near-universe of online job postings and firms’ patent...
Persistent link: https://www.econbiz.de/10014551870
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Rise of the central bank digital currencies : drivers, approaches and technologies
Auer, Raphael A.; Cornelli, Giulio; Frost, Jon - 2020
Central bank digital currencies (CBDCs) are receiving more attention than ever before. Yet the motivations for issuance vary across countries, as do the policy approaches and technical designs. We investigate the economic and institutional drivers of CBDC development and take stock of design...
Persistent link: https://www.econbiz.de/10012306593
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Cost-benefit analysis for green demonstrators : application to the container glass industry in France
Sadighi, Maryam; Ponssard, Jean-Pierre; Sanin, María … - 2024
Adopting disruptive technologies for decarbonizing hard-to-abate industrial sectors requires experimentation through demonstration (pilot) projects. However, from an economic perspective, the potential long-term benefits and the difficulties in designing relevant public policies are not...
Persistent link: https://www.econbiz.de/10014486790
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Embedded supervision : how to build regulation into decentralised finance
Auer, Raphael A. - 2022
with blockchain-enabled credibility based on economic consensus. The key results set out the conditions under which the …
Persistent link: https://www.econbiz.de/10013206072
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The microeconomics of cryptocurrencies
Hałaburda, Hanna; Haeringer, Guillaume; Gans, Joshua; … - 2021
Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature...
Persistent link: https://www.econbiz.de/10012418426
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An equilibrium model of the market for Bitcoin mining
Prat, Julien; Walter, Benjamin - 2018
We propose a model which uses the Bitcoin/US dollar exchange rate to predict the computing power of the Bitcoin network. We show that free entry places an upper-bound on mining revenues and we devise a structural framework to measure its value. Calibrating the model's parameters allows us to...
Persistent link: https://www.econbiz.de/10011789223
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An economic analysis of blockchains
Waelbroeck, Patrick - 2018
The blockchain is a technology that goes beyond timestamping, bitcoin and secure financial transactions. The … development of an ecosystem around smart connected objects will probably not happen without the blockchain (in one form or another …). The blockchain opens the door to the liquification of the physical world, to the economy of real-time micro …
Persistent link: https://www.econbiz.de/10011794645
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Why Bitcoin and Ethereum differ in transaction costs : a theory of blockchain fee policies
Ndiaye, Abdoulaye - 2024
conflict between the blockchain designer and validators with monopoly power in choosing between price-setting and quantity …
Persistent link: https://www.econbiz.de/10015046289
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Distrust or speculation? : the socioeconomic drivers of U.S. cryptocurrency investments
Auer, Raphael A.; Tercero-Lucas, David - 2021
Employing representative data from the U.S. Survey of Consumer Payment Choice, we disprove the hypothesis that cryptocurrency investors are motivated by distrust in fiat currencies or regulated finance. Compared with the general population, investors show no differences in their level of...
Persistent link: https://www.econbiz.de/10012619271
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Cryptocurrency market reactions to regulatory news
Auer, Raphael A.; Claessens, Stijn - 2020
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions. The impact depends on the specific regulatory category to which the news relates: events...
Persistent link: https://www.econbiz.de/10012205633