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only if the size of the locked-in effect exceeds some threshold. Further, progressive decentralization through airdrops can …
Persistent link: https://www.econbiz.de/10015058696
Persistent link: https://www.econbiz.de/10011286109
payments delivers in expectation a better result than delegation. -- Delegation ; Bargaining ; Industrial policy ; (De-)centralization …
Persistent link: https://www.econbiz.de/10001884330
Although blockchain technology and cryptocurrencies have grown in popularity over the past years, there does not seem to be a consensus if they bring any value to economic interactions. In this paper, I argue that a fundamental value the blockchain provides is commitment. I develop a model of an...
Persistent link: https://www.econbiz.de/10013460355
ambitious decentralization program implemented by the authorities since the late 1990s has had mixed results in terms of …
Persistent link: https://www.econbiz.de/10014400265
This paper examines a typology of grants that are used across the world, and places these in the context of the overall constitutional and legal framework for a country. It looks at the options for grants, given the need to maintain overall macroeconomic stability, efficiency in the use of...
Persistent link: https://www.econbiz.de/10014400732
There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision … decentralization process with greater transparency …
Persistent link: https://www.econbiz.de/10014402281
. Widespread decentralization of healthcare systems has often accompanied this increase in spending. In this paper, we explore the …
Persistent link: https://www.econbiz.de/10014402715