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determine the current market value of the collateral. They also employ a decentralized governance system to make policy changes …. In this paper we analyze the inner-workings of the pricing oracle and the decentralized governance mechanism employed in … of the decentralized governance system. This work sheds detailed light on the practical operation of a pricing oracle and …
Persistent link: https://www.econbiz.de/10012832950
trusted intermediaries, as long as one can trust the underlying technology. When it comes to governance, the most significant … distributed governance models, which are more transparent and less hierarchical than those we have become accustomed to. Indeed …, the blockchain space is no exception to that. Over the years, the governance of the most popular blockchain networks has …
Persistent link: https://www.econbiz.de/10012843284
electricity market. With a change of government in 1999 increasing re-centralization of industry governance and regulation … to centralized industry governance and shift towards heavy-handed regulation - but now with greater private sector …
Persistent link: https://www.econbiz.de/10012727124
An emergent form of blockchain governance involves the use of formal games that give participants incentives to …
Persistent link: https://www.econbiz.de/10012889224
countries. This literature can be located at the intersection between discussions of good governance and democracy, development …
Persistent link: https://www.econbiz.de/10012765594
In prior studies, accounting and decentralization corruption solutions have so far been analysed in isolation. In this article, we connect these two strands of literature on corruption. Understanding this connection is important because weak financial accounting and reporting systems can inhibit...
Persistent link: https://www.econbiz.de/10012869762
This article revisits government failure theory by examining the relationship between government decentralization and the size of the nonprofit sector (NPS). Government failure theory posits that nonprofits are most active in regions where the largest gap exists between the homogeneous supply of...
Persistent link: https://www.econbiz.de/10012969997
organizations? recommendations for good governance. Yet the institutional design of multilayered government can create tensions as …
Persistent link: https://www.econbiz.de/10012971516
Standard models of hierarchy assume that agents and middle managers are better informed than principals about how to implement a particular task. We estimate the value of the informational advantage held by supervisors – middle managers – when ministerial leadership – the principal –...
Persistent link: https://www.econbiz.de/10012851798
This paper assesses how decentralization can contribute, if proper political and fiscal institutions are present, to improving service delivery in Asia. In other words, decentralization is an opportunity and a challenge at the same time. The paper presents the salient characteristics of...
Persistent link: https://www.econbiz.de/10013049280