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Smart Contracts and Transaction Costs
| Content Provider | Scilit |
|---|---|
| Author | Vatiero, Massimiliano |
| Copyright Year | 2018 |
| Description | Journal: SSRN Electronic Journal Because of the enforcement based on the blockchain technology, smart contracts are supposed to allow contracting parties to conduct transactions more efficiently than traditional contracts. This paper challenges that claim. Because of the need for an efficiency-enhancing adaptation of institutions -- a chief problem of transaction cost economics -- traditional contracts may incur lower transaction costs than smart contracts. |
| Related Links | https://iris.unitn.it/bitstream/11572/251680/1/Vatiero-2018-238.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3259958 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.3259958 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2018-09-25 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal Applied Ethics Smart Contracts Incomplete Contracts Transaction Costs |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |