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The Microeconomics of Cryptocurrencies

Hanna Halaburda, Guillaume Haeringer, Joshua Gans and Neil Gandal

Journal of Economic Literature, 2022, vol. 60, issue 3, 971-1013

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.

JEL-codes: D82 E42 G12 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (22)

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Related works:
Working Paper: The Microeconomics of Cryptocurrencies (2021) Downloads
Working Paper: The Microeconomics of Cryptocurrencies (2020) Downloads
Working Paper: The Microeconomics of Cryptocurrencies (2020) Downloads
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DOI: 10.1257/jel.20201593

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