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Product differentiation and oligopoly : a network approach

Pellegrino, Bruno - 2023

This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product …

Persistent link: https://www.econbiz.de/10013503368

Cummins, Jason G.; Nyman, Ingmar - 2003

One of the most basic principles in economics is that competitive pressure promotes efficiency. However, this pressure can also have a dark side because it makes firms reluctant to act on private information that is unpopular with consumers. As a result, firms that possess superior information...

Persistent link: https://www.econbiz.de/10014106505

Product Differentiation and Oligopoly : A Network Approach

Pellegrino, Bruno - 2023

This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product …

Persistent link: https://www.econbiz.de/10014262031

Bilateral Oligopoly

Björnerstedt, Jonas; Stennek, Johan - 2001

In intermediate goods markets, both buyers and sellers normally have market power, and sales are based on bilaterally negotiated contracts specifying both price and quantity. In our model, pairs of buyers and sellers meet in bilateral but interdependent Rubinstein-Ståhl negotiations. The...

Persistent link: https://www.econbiz.de/10010334737

An Equilibrium Model of Blockchain-Based Cryptocurrencies

Iyidogan, Engin - 2020

are characterized for exogenous blockchain protocol metrics. This paper shows that an equilibrium between miners and users …

Persistent link: https://www.econbiz.de/10012852569

The Substitutability of Labor : Implications for the Cross-Section of Stock Returns

Shim, Kyung Hwan - 2016

We examine the cross-sectional relation between log growth in physical capital to log growth in labor and subsequent stock returns. The ratio is a strong predictor of negative future abnormal returns. This relation strengthens with measures of financing constraint while remaining robust to...

Persistent link: https://www.econbiz.de/10013006584

Scaling Smart Contracts via Layer-2 Technologies : Some Empirical Evidence

Cong, Lin William; Hui, Xiang; Tucker, Catherine; Zhou, … - National Bureau of Economic Research - 2023

Blockchain-based smart contracts can potentially replace certain traditional contracts through decentralized … how blockchain and smart contracting technologies evolve towards achieving decentralized and scalable trust …

Persistent link: https://www.econbiz.de/10014226109

Scaling Smart Contracts via Layer-2 Technologies : Some Empirical Evidence

Cong, Lin William; Hui, Xiang; Tucker, Catherine; Zhou, … - 2023

Persistent link: https://www.econbiz.de/10014255102

Financial Collaborative Trading Networks

Shojai, Shahin - In: Journal of Financial Transformation 1 (2001), pp. 30-37

This paper reviews the growth of the online business-to-business marketplaces and proposes that intense competition between and among horizontal hubs and vertical exchanges will lead to consolidation. Financial collaborative trading networks (CTNs) would follow as a consequence. CTNs allow...

Persistent link: https://www.econbiz.de/10004985669

Ethereum Smart Contract Development : Build Blockchain-based Decentralized Applications Using Solidity

Mukhopadhyay, Mayukh - 2020

Ethereum is a public, blockchain-based distributed computing platform featuring smart contract functionality. This book … is your one-stop guide to blockchain and Ethereum smart contract development.We start by introducing you to the basics of … blockchain. You'll learn about hash functions, Merkle trees, forking, mining, and much more. Then you'll learn about Ethereum and …

Persistent link: https://www.econbiz.de/10012829340