NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

The ICO Paradox: Transactions Costs, Token Velocity, and Token Value

Richard Holden, Anup Malani

NBER Working Paper No. 26265
Issued in September 2019

---- Acknowledgments ----

We thank Zhiguo He and Stacy Rosenbaum for helpful comments, and DJ Thornton for exceptional research assistance. Malani is an advisor to Perlin, a firm that offers a DAG-based blockchain ledger for various uses, including trade finance, but he does not presently have a financial stake in the firm. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

return to bibliography page

 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us