Séminaire

Passé

Decentralization Through Tokenization

Michael Sockin

  • Date14 juin 2022
  • Heure 14:00 - 15:00
  • Lieu Zoom Meeting

Résumé

We examine decentralization of digital platforms through tokenization as an innovation to resolve the conflict between platforms and users. By delegating control to users, tokenization through utility tokens acts as a commitment device that prevents a platform from exploiting users. This commitment comes at the cost of not having an owner with an equity stake who, in conventional platforms, would subsidize participation to maximize the platform's network effect. This trade-off makes utility tokens a more appealing funding scheme than equity for platforms with weak fundamentals. The conflict reappears when non-users, such as token investors and validators, participate on the platform.

Document(s) associé(s)

Autres séminaires

When Does Quality Beat Data? Gaining Momentum in Dynamic Platform Competition

  • Séminaire

  • Economics of Platforms Seminar

  • Date 3 décembre 2026

  • Lieu Zoom

  • Orateur / organisateur Hanna Halaburda (NYU Stern School of Business)

Détails

An Empirical Framework for Platform Markets

  • Séminaire

  • Economics of Platforms Seminar

  • Date 5 novembre 2026

  • Lieu Zoom

  • Orateur / organisateur Tobias Klein (Tilburg University)

Détails

Passé

Decoding Rankings: Consumer Search, Price Competition, and Platform Regulation

  • Séminaire

  • Economics of Platforms Seminar

  • Date 1 octobre 2026

  • Lieu Zoom

  • Orateur / organisateur Hanlin Zhao

Détails