2 papers
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…
econ.TH2024
No Screening is More Efficient with Multiple Objects
Shunya Noda, Genta Okada
We study the welfare-maximizing allocation of heterogeneous objects when screening uses costly effort rather than monetary transfers. No-screening mechanisms perform well as object…