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Do we still need financial intermediation? : the case of decentralized finance : DeFi

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Essays in industrial organization and auctions

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An evolutionary edge of knowing less : (or: on the "Curse" of global information)

Stark, Oded; Behrens, Doris - 2009

Consider a population of farmers who live around a lake. Each farmer engages in trade with his two adjacent neighbors. The trade is governed by a prisoner's dilemma "rule of engagement". A farmer's payoff is the sum of the payoffs from the two prisoner's dilemma games played with his two...