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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
Blockchains are distributed ledger technologies that allow the recording of any data structure, including money, property titles, and contracts. In this paper, we suggest that Hayekian political economy is especially well suited to explain how blockchain emerged, but that Elinor Ostrom's...
Persistent link: https://www.econbiz.de/10012861951
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
In spectrum sharing, incumbents are concerned about interference to their operations caused by spectrum entrants. Technical approaches, such as cognitive radios, spectrum databases, etc. have been developed in an attempt to minimize this interference. Whether the interference is co-channel or...
Persistent link: https://www.econbiz.de/10014105009
Spectrum policy in the US (and throughout most of the world) consists generally of a set of nationally determined policies that apply uniformly to all localities. However, it is also true that there is considerable variation in the features (e.g., traffic demand or population density),...
Persistent link: https://www.econbiz.de/10014128270
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
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
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Permissionless blockchains have been described as a novel institutional building block for voluntary economic exchange, with unique protocol features such as automated contract execution, high levels of network and process transparency, and uniquely distributed governance. We argue that...
Persistent link: https://www.econbiz.de/10013219558