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Microeconomics of Smart Contracts and Application to an International Sale
[Microéconomie des Smart Contracts et application à une vente internationale]

Author

Listed:
  • Vincent Iehlé

    (LERN - Laboratoire d'Economie Rouen Normandie - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - IRIHS - Institut de Recherche Interdisciplinaire Homme et Société - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université)

  • Emy Lécuyer

    (LERN - Laboratoire d'Economie Rouen Normandie - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - IRIHS - Institut de Recherche Interdisciplinaire Homme et Société - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université)

  • Martin Vernay

    (LERN - Laboratoire d'Economie Rouen Normandie - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - IRIHS - Institut de Recherche Interdisciplinaire Homme et Société - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université, CREST-THEMA - CREST - Centre de Recherche en Économie et Statistique - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - X - École polytechnique - ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - CNRS - Centre National de la Recherche Scientifique - THEMA - Théorie économique, modélisation et applications - CNRS - Centre National de la Recherche Scientifique - CY - CY Cergy Paris Université)

Abstract

The article presents the benefits of smart contracts from an economic analysis perspective. It demonstrates how the precise design of smart contracts enhances the execution of transactions among microeconomic agents by facilitating payments and deterring fraud. The case of an international sale is proposed to illustrate the extended exchange possibilities achieved through such tools.

Suggested Citation

  • Vincent Iehlé & Emy Lécuyer & Martin Vernay, 2023. "Microeconomics of Smart Contracts and Application to an International Sale [Microéconomie des Smart Contracts et application à une vente internationale]," Working Papers halshs-04167670, HAL.
    • Handle: RePEc:hal:wpaper:halshs-04167670
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04167670
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