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This paper discusses the troubled relationship between contemporary advertising technology (adtech) systems, in particular systems of real-time bidding (RTB, also known as programmatic advertising) underpinning much behavioural targeting on the web and through mobile applications. This paper...
Persistent link: https://www.econbiz.de/10014087773
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
This paper concerns the operation of competition in the presence of a high rate of innovation and increasing returns. Given free competition there is likely to exist, in this case, a tendency towards what may be called "dynamic equilibrium", a tendency, that is to say, for the rate of investment...
Persistent link: https://www.econbiz.de/10014072727
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
are characterized for exogenous blockchain protocol metrics. This paper shows that an equilibrium between miners and users …
Persistent link: https://www.econbiz.de/10012852569
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
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/10014255102
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
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 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