4 papers
Uniform-Loss Automated Market Making for Prediction Markets
Ciamac C. Moallemi, Dan Robinson, Brian Zhu
Automated market makers (AMMs) for prediction markets descend from market scoring rules, where a mechanism operator subsidizes a market to aggregate beliefs about uncertain events.…
Latency Advantages in Common-Value Auctions
Ciamac C. Moallemi, Mallesh M. Pai, Dan Robinson
In financial applications, latency advantages -- the ability to make decisions later than others, even without the ability to see what others have done -- can provide individual pa…
Quantifying the Value of Revert Protection
Brian Z. Zhu, Xin Wan, Ciamac C. Moallemi +2
Revert protection is a feature provided by some blockchain platforms that prevents users from incurring fees for failed transactions. We study the economic implications and benefit…
Loss-Versus-Fair: Efficiency of Dutch Auctions on Blockchains
Ciamac C. Moallemi, Dan Robinson
Milionis et al.(2023) studied the rate at which automated market makers leak value to arbitrageurs when block times are discrete and follow a Poisson process, and where the risky a…