TY - UNPB
T1 - The Microeconomics of Cryptocurrencies
AU - Halaburda, Hanna
AU - Haeringer, Guillaume
AU - Gans, Joshua S
AU - Gandal, Neil
PY - 2020/7
Y1 - 2020/7
N2 - Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature of the phenomenon analyzed, this research spans many academic disciplines including macroeconomics, law and economics and computer science. This survey focuses on the microeconomics of cryptocurrencies themselves. What drives their supply, demand, trading price and competition amongst them. This literature has been emerging over the past decade and the purpose of this paper is to summarize its main findings so as to establish a base upon which future research can be conducted.
AB - Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature of the phenomenon analyzed, this research spans many academic disciplines including macroeconomics, law and economics and computer science. This survey focuses on the microeconomics of cryptocurrencies themselves. What drives their supply, demand, trading price and competition amongst them. This literature has been emerging over the past decade and the purpose of this paper is to summarize its main findings so as to establish a base upon which future research can be conducted.
U2 - 10.3386/w27477
DO - 10.3386/w27477
M3 - מסמך עבודה
T3 - NBER working paper series
BT - The Microeconomics of Cryptocurrencies
PB - National Bureau of Economic Research
CY - Cambridge, Mass
ER -