A transaction fee mechanism (TFM) is an essential component of a blockchain protocol.
However, a systematic evaluation of the real-world impact of TFMs is still absent. Using rich …

Demand for blockchains such as Bitcoin and Ethereum is far larger than supply,
necessitating a mechanism that selects a subset of transactions to include “on-chain” from …

How financial technology impacts financial inclusion and democratic access to financial
services is central for policy discussions and applied research (World Bank Group, 2016; …

Blockchain enables peer-to-peer transactions in cyberspace without a trusted third party.
The rapid growth of Ethereum and smart contract blockchains generally calls for well …

Transaction fee markets are essential components of blockchain economies, as they resolve
the inherent scarcity in the number of transactions that can be added to each block. In early …

The Ethereum blockchain network enables transaction processing and smart-contract
execution through levies of transaction fees, commonly known as gas fees. This framework …

This article explores the extent to which network activity can explain changes in Ethereum
transaction fees. Such fees are referred to as “gas prices” within the Ethereum blockchain …

A smart contract that is deployed to a blockchain system like Ethereum is, under reasonable
circumstances, expected to be immutable and tamper-proof. This is both a feature …

Blockchain systems come with the promise of being inclusive for a variety of decentralized
applications (DApps) that can serve different purposes and have different urgency …

We consider a revenue-maximizing seller with a single item for sale to multiple buyers with
iid valuations. Akbarpour and Li (2020) show that the only optimal, credible, strategyproof …