The economic research behind token markets, coordination, and capital formation.

In this section

Blockchain and capital marketsHow blockchain rewires capital formation and securities markets.Curation marketsBonded tokens as skin-in-the-game signals for what deserves attention.Harberger taxesSelf-assessed prices and always-for-sale assets – partial common ownership.Microfinance and micropaymentsWhy small loans and payments are hard, and the mechanisms that fix them.Personal TokensReputation and information asymmetryAdverse selection, disclosure, and reputation as market fixes.Schelling points and coordinationFocal points, coordination games, and Schelling-style oracles.Token valuationWhat research says about how tokens acquire and hold value.Transaction costs and property rightsCoase to crypto – why organizations exist and what blockchains change.Virtual economiesGame-world economies – the research line that anticipated tokens.