introduces the DeFi intermediation chain and provides theoretical and empirical evidence for private information as a key … determinant of intermediation rents. We propose a repeated bargaining model that predicts that profit share of Ethereum market …

. -- Intermediation ; oligopoly ; product differentiation …. -- Intermediation ; Oligopol ; Produktdifferenzierung … substitutability parameter in an intermediation model with differentiated products and inputs. Intuitively, effects in the product and …