Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/232438
Authors: 
Halaburda, Hanna
Haeringer, Guillaume
Gans, Joshua
Gandal, Neil
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 8841
Publisher: 
Center for Economic Studies and Ifo Institute (CESifo), Munich
Abstract: 
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.
Subjects: 
Bitcoin
blockchain
cryptocurrencies
JEL: 
A10
D40
L00
O30
Y20
Document Type: 
Working Paper

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