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来源类型Working Paper
规范类型报告
DOI10.3386/w29780
来源IDWorking Paper 29780
A Solomonic Solution to Ownership Disputes: An Application to Blockchain Front-Running
Joshua S. Gans; Richard T. Holden
发表日期2022-02-21
出版年2022
语种英语
摘要Blockchain front-running involves multiple agents, other than the legitimate agent, claiming a payment from performing a contract. It arises because of the public nature of blockchain transactions and potential network congestion. This paper notes that disputes over payments are similar to classic ownership disputes (such as King Solomon's dilemma). We propose a simultaneous report mechanism that resolves Solomon's dilemma (using only ordinal preference information) and also eliminates blockchain front-running. In each case, the mechanism relies on threats to remove ownership from all claimants and preferences from the legitimate claimant over allocations to other agents.
主题Microeconomics ; Economics of Information
URLhttps://www.nber.org/papers/w29780
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587454
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Joshua S. Gans,Richard T. Holden. A Solomonic Solution to Ownership Disputes: An Application to Blockchain Front-Running. 2022.
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