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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
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Artificial Intelligence and Consumer Privacy
Jin, Ginger Zhe - 2018
Thanks to big data, artificial intelligence (AI) has spurred exciting innovations. In the meantime, AI and big data are reshaping the risk in consumer privacy and data security. In this essay, I first define the nature of the problem and then present a few facts about the ongoing risk. The bulk...
Persistent link: https://www.econbiz.de/10012453461
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Economic Research on Privacy Regulation : Lessons from the GDPR and Beyond
Johnson, Garrett - National Bureau of Economic Research - 2022
This paper reviews the economic literature on the European Union's General Data Protection Regulation (GDPR). I highlight key challenges for studying the regulation including the difficulty of finding a suitable control group, variable firm compliance and regulatory enforcement, as well as the...
Persistent link: https://www.econbiz.de/10013477197
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How Good Are Privacy Guarantees? Platform Architecture and Violation of User Privacy
Acemoglu, Daron; Fallah, Alireza; Makhdoumi, Ali; … - National Bureau of Economic Research - 2023
Many platforms deploy data collected from users for a multitude of purposes. While some are beneficial to users, others are costly to their privacy. The presence of these privacy costs means that platforms may need to provide guarantees about how and to what extent user data will be harvested...
Persistent link: https://www.econbiz.de/10014322800
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Data, Privacy Laws and Firm Production : Evidence from the GDPR
Demirer, Mert; Jiménez Hernández, Diego; Li, Dean; … - National Bureau of Economic Research - 2024
By regulating how firms collect, store, and use data, privacy laws may change the role of data in production and alter firm demand for information technology inputs. We study how firms respond to privacy laws in the context of the EU's General Data Protection Regulation (GDPR) by using seven...
Persistent link: https://www.econbiz.de/10014486237
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The Digital Privacy Paradox : Small Money, Small Costs, Small Talk
Athey, Susan - 2017
'Notice and Choice' has been a mainstay of policies designed to safeguard consumer privacy. This paper investigates distortions in consumer behavior when faced with notice and choice which may limit the ability of consumers to safeguard their privacy using field experiment data from the MIT...
Persistent link: https://www.econbiz.de/10012455193
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Contracting Over the Disclosure of Scientific Knowledge : Intellectual Property and Academic Publication
Gans, Joshua S. - 2013
This paper provides a theoretical investigation of the tension over knowledge disclosure between firms and their scientific employees. While empirical research suggests that scientists exhibit a "taste for science," such open disclosures can limit a firm's competitive advantage or ability to...
Persistent link: https://www.econbiz.de/10012459101
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"Zero Cost'' Majority Attacks on Permissionless Blockchains
Gans, Joshua; Hałaburda, Hanna - National Bureau of Economic Research - 2023
Permissionless blockchains were constructed with a view to being sustainably secure. At the heart of blockchain … propose blocks that would be added to the blockchain. A key rationale for that cost was to make attacks on the network, which …
Persistent link: https://www.econbiz.de/10014322860
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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