The Social Cost of Blockchain: Externalities, Allocation of Property Rights, and the Role of the Law

In the past decade, the legal and economic literature on blockchain technology and its applications has flourished. This new technology holds great promise for enhancing the efficiency of contracting. Building on the classic Coase theorem, blockchain as a decentralised mechanism of decision-making s...

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Bibliographic Details
Main Authors: Edoardo D. Martino, W. Georg Ringe
Format: Article
Language:English
Published: Cambridge University Press
Series:European Journal of Risk Regulation
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1867299X24000874/type/journal_article
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