Monopoly Without a Monopolist: An Economic Analysis of the Bitcoin Payment System
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Huberman, Gur & Leshno, Jacob D. & Moallemi, Ciamac, 2017. "Monopoly without a monopolist : An economic analysis of the bitcoin payment system," Research Discussion Papers 27/2017, Bank of Finland.
References listed on IDEAS
- Joshua S. Gans & Hanna Halaburda, 2015. "Some Economics of Private Digital Currency," NBER Chapters, in: Economic Analysis of the Digital Economy, pages 257-276, National Bureau of Economic Research, Inc.
- David Yermack, 2013. "Is Bitcoin a Real Currency? An economic appraisal," NBER Working Papers 19747, National Bureau of Economic Research, Inc.
- Hanna Halaburda & Miklos Sarvary, 2016. "Beyond Bitcoin," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-50642-9, September.
- Neil Gandal & Hanna Halaburda, 2014.
"Competition in the Cryptocurrency Market,"
14-17, NET Institute.
- Neil Gandal & Hanna Halaburda, 2014. "Competition in the Cryptocurrency Market," CESifo Working Paper Series 4980, CESifo.
- Gandal, Neil & Halaburda, Hanna, 2014. "Competition in the Cryptocurrency Market," CEPR Discussion Papers 10157, C.E.P.R. Discussion Papers.
- Neil Gandal & Hanna Halaburda, 2014. "Competition in the Cryptocurrency Market," Staff Working Papers 14-33, Bank of Canada.
- Chiu, Jonathan & Koeppl, Thorsten V, 2017. "The economics of cryptocurrencies â€“ bitcoin and beyond," Working Paper Series 6688, Victoria University of Wellington, School of Economics and Finance.
- Christian Catalini & Joshua S. Gans, 2016. "Some Simple Economics of the Blockchain," NBER Working Papers 22952, National Bureau of Economic Research, Inc.
- Lui, Francis T, 1985. "An Equilibrium Queuing Model of Bribery," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 760-781, August.
Most related itemsThese are the items that most often cite the same works as this one and are cited by the same works as this one.
- Hosain, Md Sajjad, 2018. "Bitcoin: Future transaction currency?," MPRA Paper 87588, University Library of Munich, Germany.
- Obryan Poyser, 2017. "Exploring the determinants of Bitcoin's price: an application of Bayesian Structural Time Series," Papers 1706.01437, arXiv.org.
- Dwyer, Gerald P., 2015. "The economics of Bitcoin and similar private digital currencies," Journal of Financial Stability, Elsevier, vol. 17(C), pages 81-91.
- Jonathan Chiu & Thorsten V. Koeppl, 2017.
"The Economics Of Cryptocurrencies - Bitcoin And Beyond,"
1389, Economics Department, Queen's University.
- Jonathan Chiu & Thorsten Koeppl, 2019. "The Economics of Cryptocurrencies—Bitcoin and Beyond," Staff Working Papers 19-40, Bank of Canada.
- Jonathan Chiu, 2019. "The Economics of Cryptocurrencies -- Bitcoin and Beyond," 2019 Meeting Papers 425, Society for Economic Dynamics.
- Fry, John & Cheah, Eng-Tuck, 2016. "Negative bubbles and shocks in cryptocurrency markets," International Review of Financial Analysis, Elsevier, vol. 47(C), pages 343-352.
- Wilko Bolt & Maarten R.C. Van Oordt, 2020. "On the Value of Virtual Currencies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(4), pages 835-862, June.
- Serhat KARAOÐLAN & Tayfun ARAR & Onur BÝLGÝN, 2018. "Türkiye’de Kripto Para Farkýndalýðý ve Kripto Para Kabul Eden Ýþletmelerin Motivasyonlarý," Isletme ve Iktisat Calismalari Dergisi, Econjournals, vol. 6(2), pages 15-28.
- Symitsi, Efthymia & Chalvatzis, Konstantinos J., 2019. "The economic value of Bitcoin: A portfolio analysis of currencies, gold, oil and stocks," Research in International Business and Finance, Elsevier, vol. 48(C), pages 97-110.
- Neil Gandal & Hanna Halaburda, 2016. "Can We Predict the Winner in a Market with Network Effects? Competition in Cryptocurrency Market," Games, MDPI, vol. 7(3), pages 1-21, July.
- Raffaella Barone & Donato Masciandaro, 2019.
"Cryptocurrency or usury? Crime and alternative money laundering techniques,"
European Journal of Law and Economics, Springer, vol. 47(2), pages 233-254, April.
- Raffaella Barone & Donato Masciandaro, 2018. "Cryptocurrency Or Usury? Crime And Alternative Money Laundering Techniques," BAFFI CAREFIN Working Papers 18101, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Lim, Siok Jin & Masih, Mansur, 2017. "Exploring portfolio diversification opportunities in Islamic capital markets through bitcoin: evidence from MGARCH-DCC and Wavelet approaches," MPRA Paper 79752, University Library of Munich, Germany.
- Yhlas Sovbetov, 2018.
"Factors Influencing Cryptocurrency Prices: Evidence from Bitcoin, Ethereum, Dash, Litcoin, and Monero,"
Journal of Economics and Financial Analysis, Tripal Publishing House, vol. 2(2), pages 1-27.
- Sovbetov, Yhlas, 2018. "Factors Influencing Cryptocurrency Prices: Evidence from Bitcoin, Ethereum, Dash, Litcoin, and Monero," MPRA Paper 85036, University Library of Munich, Germany.
- Donato Masciandaro, 2018. "Central Bank Digital Cash and Cryptocurrencies: Insights from a New Baumol–Friedman Demand for Money," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(4), pages 540-550, December.
- Benito Arruñada & Luis Garicano, 2018. "Blockchain: The birth of decentralized governance," Economics Working Papers 1608, Department of Economics and Business, Universitat Pompeu Fabra.
- Obryan Poyser, 2019. "Exploring the dynamics of Bitcoin’s price: a Bayesian structural time series approach," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(1), pages 29-60, March.
- Brandvold, Morten & Molnár, Peter & Vagstad, Kristian & Andreas Valstad, Ole Christian, 2015. "Price discovery on Bitcoin exchanges," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 36(C), pages 18-35.
- Andreas Hanl, 2018. "Some Insights into the Development of Cryptocurrencies," MAGKS Papers on Economics 201804, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Canidio, Andrea, 2018. "Financial incentives for open source development: the case of Blockchain," MPRA Paper 85352, University Library of Munich, Germany.
- Urom, Christian & Abid, Ilyes & Guesmi, Khaled & Chevallier, Julien, 2020. "Quantile spillovers and dependence between Bitcoin, equities and strategic commodities," Economic Modelling, Elsevier, vol. 93(C), pages 230-258.
- repec:ces:ifofor:v:19:y:2018:i:1:p:43-45 is not listed on IDEAS
- Hunt, Jennifer & Laszlo, Sonia, 2005.
"Bribery: Who Pays, Who Refuses, What are the Payoffs?,"
CEPR Discussion Papers
5251, C.E.P.R. Discussion Papers.
- Jennifer Hunt & Sonia Laszlo, 2006. "Bribery: Who Pays, Who Refuses, What Are The Payoffs?," Departmental Working Papers 2006-06, McGill University, Department of Economics.
- Jennifer Hunt & Sonia Laszlo, 2005. "Bribery: Who Pays, Who Refuses, What Are the Payoffs?," NBER Working Papers 11635, National Bureau of Economic Research, Inc.
- Jennifer Hunt & Sonia Laszlo, 2005. "Bribery: Who Pays, Who Refuses, What Are The Payoffs?," William Davidson Institute Working Papers Series wp792, William Davidson Institute at the University of Michigan.
More about this item
KeywordsBitcoin; blockchain; cryptocurrency; market design; queueing; Two-sided markets;
All these keywords.
- D20 - Microeconomics - - Production and Organizations - - - General
- D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-MIC-2017-10-01 (Microeconomics)
- NEP-MON-2017-10-01 (Monetary Economics)
- NEP-PAY-2017-10-01 (Payment Systems & Financial Technology)
- NEP-TRE-2017-10-01 (Transport Economics)
StatisticsAccess and download statistics
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:12322. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://www.cepr.org .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (email available below). General contact details of provider: https://www.cepr.org .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.