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The blockchain is a decentralized solution for handling transactions where we are concerned (among other aspects) with the accuracy and verification of transactions. One of its main promises is to eliminate the need for centralized entities or intermediaries and legal enforcement. Rather than...
Persistent link: https://www.econbiz.de/10014105012
Studies of blockchain governance can be divided into analyses of the governance of blockchains (such as rules and power dynamics within a given network) and governance by blockchains (such as how blockchains can be implemented to improve self-governance of community-based peer production...
Persistent link: https://www.econbiz.de/10013403688
Due to inherent difficulties in fully specifying contracting terms via formal agreements, societal services that are open-ended in nature, such as long-term innovation and training initiatives, may be underprovided in traditional market economies. We provide a case study of the US Amateur Radio...
Persistent link: https://www.econbiz.de/10014079442
As blockchain applications become more pervasive and visible, it becomes increasingly important to consider their non-technical as well as their technical aspects. This paper provides a brief tutorial-style introduction to institutional economics, which is one of the important frameworks for...
Persistent link: https://www.econbiz.de/10012859441
Researchers interested in blockchains are increasingly attuned to questions of governance, including how blockchains relate to government, the ways blockchains are governed, and ways blockchains can improve prospects for successful self-governance. Our paper joins this research by exploring the...
Persistent link: https://www.econbiz.de/10013404594
Traditionally, spectrum allocation has been governed by centralized schemes (e.g., command-and-control). Nonetheless, other mechanisms, such as collaborative enforcement, have proven to be successful in a variety of scenarios. In Collaborative enforcement (i.e., collective action), the...
Persistent link: https://www.econbiz.de/10012848443
As radio spectrum sharing matures, one of the main challenges becomes finding adequate governance systems and the appropriate enforcement mechanisms. Historically, these processes were assigned to a central entity (in most cases a governmental agency). Nevertheless, the literature of Common Pool...
Persistent link: https://www.econbiz.de/10014115354
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