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Token-Based Platform Finance

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NBER2020-09-01 更新2025-01-04 收录
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We develop a dynamic model of platform economy where tokens serve as a means of payments among platform users and are issued to nance investment in platform productivity. Tokens are optimally issued to reward platform owners when the productivity-normalized token supply is low and burnt to boost the

创建时间:
2020-09-01
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