Strategic behavior and market inefficiency in blockchain-based auctions

• المؤلفون الرئيسيون: KE, Ping Fan, CHEN, Jianqing, GUO, Zhiling
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2021
• الموضوعات: Blockchain; Auction; Mechanism Design; Transaction Fee; Transaction Capacity; Block Stuffing; Databases and Information Systems
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/sis_research/7263; https://ink.library.smu.edu.sg/context/sis_research/article/8266/viewcontent/wise2021_blockchain_auction.pdf

Blockchain-based auctions play a key role in decentralized finance, such as liquidation of collaterals in crypto-lending. In this research, we show that a Blockchain-based auction is subject to the threat to availability because of the characteristics of the Blockchain platform, which could lead to...