, but are increasingly being recognized as investment instruments.The price trajectories of cryptocurrencies have raised … whether pricing is influenced by costly mining, as well as entry barriers tothe mining technology. Our mining design resembles … the proof-of-work mechanism employed by the vast majority of permissionless cryptocurrencies, such as Bitcoin. In our …

The massive price bubbles of decentralized cryptocurrencies, such as Bitcoin, have created a puzzle for economists. How … high price volatility is an inherent feature of cryptocurrencies based on a mining protocol, which seriously limits any … can a non-revenue-generating asset exhibit such extreme price dynamics, forming multiple episodes of bubbles and crashes …

We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two … the price setting affected by the characteristics of the Nash equilibrium? Our study shows that there are hardly any …

In 3 experiments, we show that price-matching guarantees affect the process through which consumers translate price … information into subjective judgments. In Experiment 1, we find that price-matching guarantees appear to change the standard used … in price evaluation by raising consumers' estimates of the lowest and average prices in the market. This leads consumers …