Report NEP-PAY-2026-05-25

This is the archive for NEP-PAY, a report on new working papers in the area of Payment Systems and Financial Technology. Bernardo Batiz-Lazo issued this report. It is usually issued weekly.

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Other reports in NEP-PAY

The following items were announced in this report:

• Dongping Liu & Aoyu Zhang & Luyao Zhang, 2026, "Quantum Futures Interactive: A Live Demonstration of Post-Quantum Blockchain Security, Infrastructure Tradeoffs, and Sustainable Distributed Trust," Papers, arXiv.org, number 2605.15991, May.
• Cave, Martin, 2026, "Regulating increasingly digitalised networks and services," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 138010, Jun.
• Sirui Li & Jing Su, 2026, "Consumer Fairness Concerns and Price Discrimination of Two-Sided Platforms," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number 2026-14, May.
• Maxim Bichuch & Zachary Feinstein, 2026, "Designing On-Chain Options: Amortizing Perpetual Options," Papers, arXiv.org, number 2605.19146, May.
• Jay A. Soled & James Alm, 2026, "Cash Redux, Credit Card Surcharges, And The Tax Gap," Working Papers, Tulane University, Department of Economics, number 2607, May.
• Jiheum Yeon & Xiaohan Zhang, 2025, "Online Leisure Activity and Digital Platforms in an Open Economy," Working Papers, Korea Institute for International Economic Policy, number 25-3, Nov.
• Agostino Capponi & 'Alvaro Cartea & Fayc{c}al Drissi, 2026, "The Viability of Blockchain Markets under Discrete Clearing and Paid Priority," Papers, arXiv.org, number 2605.17425, May.
• Matthew Lorig, 2026, "Optimal Control of the Ethena Yield-Bearing Stablecoin," Papers, arXiv.org, number 2605.11263, May.
• Hasret Ozan Sevim, 2026, "Interoperability Effects: Extending DeFi Lending Risk Models to Multi-Chain Environments," Papers, arXiv.org, number 2605.12508, Mar.
• Aroon Narayanan & Tavneet Suri & Prashant Bharadwaj, 2026, "Interest Rate Caps, Competition, and Strategic Borrowing: Evidence from Kenya," NBER Working Papers, National Bureau of Economic Research, Inc, number 35166, May.
• Yuki Nakamura, 2026, "The Privacy Subsidy: Kyle's $\lambda$ under Noise-Perturbed Order-Flow Observation," Papers, arXiv.org, number 2605.15746, May, revised May 2026.
• Herman, Howard, 2026, "Mutual Funds and Commodity Pools for GPU-Backed Assets: the Investment Company Act, Howey, and the Regulatory Architecture for AI Compute," MPRA Paper, University Library of Munich, Germany, number 128949, Apr.