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Bitcoin was conceptualized in response to perceived shortcomings in the monetary and financialsystem, not only related to large financial institutions but also to discretionary decision makingin monetary policy. Using high-frequency data and a weekly proxy VAR model, I study theimpact of...
Persistent link: https://www.econbiz.de/10012671254
Although blockchain technology and cryptocurrencies have grown in popularity over the past years, there does not seem … blockchain provides is commitment. I develop a model of an entrepreneur, who can create a network for her users. She can decide … network with a decentralized implementation through the blockchain. Users that join the network are subject to a locked …
Persistent link: https://www.econbiz.de/10013460355
We study the incentives of a streaming platform to bias consumption when products are vertically differentiated. The … platform offers mixed bundles of content to monetize consumers' interest in variety and pays royalties to sellers based on the … effective consumption of the content they produce. When products are not vertically differentiated, the platform has no …
Persistent link: https://www.econbiz.de/10014331542
In this study, we analyze the incentives of a streaming platform to bias consumption when products are vertically … differentiated. The platform offers mixed bundles of content to monetize consumer interest in variety and pays royalties to sellers … based on the effective consumption of the generated content. When products are not vertically differentiated, the platform …
Persistent link: https://www.econbiz.de/10014578044
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...
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This study aims to analyze the evolution of Brazilian agricultural production from the 1960s to now. We will summarize some of the main findings from the historical view of Brazilian agriculture development. The arguments should rest here on how technical change and the national system of...
Persistent link: https://www.econbiz.de/10012060354
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