I study mechanism design with blockchain-based tokens, that is, tokens that can be used
within a mechanism but can also be saved and traded outside of the mechanism. I do so by …

I analyze the mapping between fundamental elements of financial contracts and
transactions–property rights, enforcement, commitment, information–and the algorithmic …

Private enterprise development in low-income countries remains elusive, and the failure of
microcredit to stimulate small firm growth poses a puzzle to the finance and development …

Recent advances in digital technologies are transforming financial markets. Improvements in
computer hardware, networking infrastructure, and software development have facilitated …

In this paper, we propose a technical solution to implement financial regulation into
secondary markets of tokenized financial assets. This solution may assist entities in …