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Can We Predict the Winner in a Market with Network Effects? Competition in Cryptocurrency Market

We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining early dynamics of exchange rates among different cryptocurrencies. While Bitcoin essentially dominates this market, our data suggest no evidence of a winner-take-all effect early in the mark...

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Библиографические подробности
Главные авторы: Neil Gandal, Hanna Halaburda
Формат: Artigo
Язык:Inglês
Опубликовано: MDPI AG 2016-07-01
Серии:Games
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Online-ссылка:http://www.mdpi.com/2073-4336/7/3/16
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