Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29780 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w29780 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587454 |
推荐引用方式 GB/T 7714 | Joshua S. Gans,Richard T. Holden. A Solomonic Solution to Ownership Disputes: An Application to Blockchain Front-Running. 2022. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w29780.pdf(375KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。