Digital technology is the representation of information in bits. This technology has reduced
the cost of storage, computation, and transmission of data. Research on digital economics …

Some simple economics of the blockchain Page 1 80 COMMUNICATIONS OF THE ACM |
JULY 2020 | VOL. 63 | NO. 7 review articles IN OCTOBER 2008, a few weeks after the …

Finance studies on information cascades, usually in an initial public offering setting, typically
differentiate between institutional and retail investors, as this is the only information …

The high-frequency trading arms race is a symptom of flawed market design. Instead of the
continuous limit order book market design that is currently predominant, we argue that …

Equity crowdfunding is a new form of entrepreneurial finance, in which investors do not
receive perks or engage in pre-purchase of the product, but rather participate in the future …

For object recognition, the current state-of-the-art is based on exhaustive search. However,
to enable the use of more expensive features and classifiers and thereby progress beyond …

Online markets pose a difficulty for evaluating products, particularly experience goods, such
as used cars, that cannot be easily described online. This exacerbates product uncertainty …

We study lender behavior in the peer-to-peer (P2P) lending market, where individuals bid on
unsecured microloans requested by other individual borrowers. Online P2P exchanges are …

We investigate the “generalized second-price”(GSP) auction, a new mechanism used by
search engines to sell online advertising. Although GSP looks similar to the Vickrey-Clarke …

One of the earliest and best known Internet reputation systems is run by eBay, which gathers
comments from buyers and sellers about each other after each transaction. Examination of a …