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  1. Tokenomics
    dynamic adoption and valuation
    Author: Cong, Lin William; Li, Ye; Wang, Neng
    Published: [2018]
    Publisher:  The Ohio State University, Fisher College of Business, Charles A. Dice Center for Research in Financial Economics, [Columbus, Ohio]

    We develop a dynamic asset pricing model of cryptocurrencies/tokens that allows users to conduct peer-to-peer transactions on digital platforms. The equilibrium value of tokens is determined by aggregating heterogeneous users' transactional demand... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    We develop a dynamic asset pricing model of cryptocurrencies/tokens that allows users to conduct peer-to-peer transactions on digital platforms. The equilibrium value of tokens is determined by aggregating heterogeneous users' transactional demand rather than discounting cash flows, as is done in standard valuation models. Endogenous platform adoption builds on user network externality and exhibits an $S$-curve: it starts slow, becomes volatile, and eventually tapers off. The introduction of tokens lowers users' transaction costs on the platform by allowing users to capitalize on platform growth. The intertemporal feedback between user adoption and token price accelerates adoption and dampens user-base volatility

     
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    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working papers series / Charles A. Dice Center for Research in Financial Economics ; WP 2018, 15
    Fisher College of Business working paper series ; WP 2018-03-015
    Other subjects: Array
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  2. Constructions in use
    Author: Straße, Alexander auf der
    Published: [2017]
    Publisher:  düsseldorf university press, Düsseldorf

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  3. Constructions in use
    Author: Straße, Alexander auf der
    Published: 2017
    Publisher:  dup, düsseldorf university press, Düsseldorf

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    Universitäts- und Landesbibliothek Düsseldorf
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    d/f0474
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    Location:
    Universitäts- und Landesbibliothek Düsseldorf
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    pfl/a2367
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    Universitäts- und Stadtbibliothek Köln, Hauptabteilung
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    19B1711
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    Location:
    Universitäts- und Landesbibliothek Münster
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    3K 73283
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