2 papers
econ.GN2025
The Walras-Bowley Lecture: Fragmentation of Matching Markets and How Economics Can Help Integrate Them
Yuichiro Kamada, Fuhito Kojima, Akira Matsushita
Fragmentation of matching markets is a ubiquitous problem across countries and across applications. In order to study the implications of fragmentation and possibilities for integr…
econ.TH2025
Dynamic User Competition and Miner Behavior in the Bitcoin Market
Yuichiro Kamada, Shunya Noda
We develop a dynamic model of the Bitcoin market where users set fees themselves and miners decide whether to operate and whom to validate based on those fees. Our analysis reveals…