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作者：Davidson, Sinclair
作者单位：Royal Melbourne Institute of Technology (RMIT)
摘要：This paper explores the nature of governance both within and by blockchains and the economies they support. There is a widespread assumption that the proper governance model for these economies is political. In this paper, I make an alternative claim, namely that a more accurate model for blockchain governance is as a species of corporate governance. Political and corporate governance are similar, but they solve different problems with different incentives. Political governance, at its base, s...
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作者：Backer, Larry Cata
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：This contribution considers the revolution in the concept and practice of trust in corporate governance that first moved from trust in people to trust in compliance, setting the stage for the digitization of trust measures and the digitalization of compliance. Part One examines the fundamental challenge, one that arises from the near simultaneous shift in cultural expectations about trust from trust in character to trust in measurement, and then the rise of cultures of data driven systems of c...
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作者：Zink, Dionys; Knill, Christoph; Steinebach, Yves
作者单位：University of Munich; University of Munich; University of Oslo
摘要：Research on policy implementation traditionally has focused on understanding the success or failure of individual policies within specific contexts. Little attention has been given to the challenges that emerge from the cumulative growth of policy portfolios over time. This paper is addressing this research gap by examining the phenomenon of organizational policy triage, which occurs when implementation organizations face overload and are forced to make trade-off decisions between the implemen...
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作者：de Filippi, Primavera; Mannan, Morshed; Reijers, Wessel
作者单位：Centre National de la Recherche Scientifique (CNRS); University of Edinburgh; University of Paderborn
摘要：Emerging technologies pose many new challenges for regulation and governance on a global scale. With the advent of distributed communication networks like the Internet and decentralized ledger technologies like blockchain, new platforms emerged, disrupting existing power dynamics and bringing about new claims of sovereignty from the private sector. This special issue addresses a gap in the literature by focusing the discourse on the issue of trust and confidence in the digital realm. In partic...
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作者：Fink, Simon; Ruffing, Eva; Maschlanka, Luisa; Klassen, Hermann Lueken Genannt
作者单位：University of Gottingen; University Osnabruck
摘要：Since the 1990s, the EU has attempted to create a common electricity market. However, EU legislators are unsatisfied by the results. We argue that differentiated implementation of directives over time creates path dependencies that entrench national differences. The actor constellation of parties and incumbent operators at the beginning of the liberalization path determines how well countries implement liberalizing directives. The implementation, in turn, changes the actor constellation for th...
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作者：Adam, Christian
作者单位：Zeppelin University
摘要：Research on policy accumulation established the hypothesis about a creeping divergence between implementation burdens and implementation capacity. This paper revisits this hypothesis using improved measures of implementation burden. Using official data on administration and enforcement costs, it finds that policy accumulation does raise implementation stress within the German Statutory Pension Insurance, analyzed as a least-likely case to do so. This finding supports the implementation-gap hyp...
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作者：Raudla, Ringa; Juuse, Egert; Kuokstis, Vytautas; Cepilovs, Aleksandrs; Cipinys, Vytenis; Ylonen, Matti
作者单位：Tallinn University of Technology; Vilnius University; University of Helsinki
摘要：A regulatory sandbox is an emerging tool for addressing the challenges posed by the FinTech industry, but countries have embraced it to varying degrees. There is a need to systematically examine the question: Which factors explain the diverging trajectories in countries' decision to use (or not use) this instrument? This paper examines the adoption of regulatory sandboxes for FinTech in the Baltic states, where we can observe markedly divergent trajectories. Estonia has not exploited the possi...
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作者：Bodo, Balazs; de Filippi, Primavera
作者单位：University of Amsterdam; Centre National de la Recherche Scientifique (CNRS)
摘要：Trust is a key resource in financial transactions. Traditional financial institutions, and novel blockchain-based decentralized financial (DeFi) services rely on fundamentally different sources of trust and confidence. The former relies on heavy regulation, trusted intermediaries, clear rules (and restrictions) on market competition, and long-standing informal expectations on what banks and other financial intermediaries are supposed to do or not to do. The latter rely on blockchain technology...
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作者：Bayern, Shawn
作者单位：State University System of Florida; Florida State University
摘要：Decentralized governance technologies like blockchains are often proposed as substitutes for private legal arrangements like those provided by company law or organizational law more generally. In established legal systems in developed countries, the costs of implementing such algorithmic mechanisms are likely to be greater than the agency or other costs that come from selecting and trusting an existing third party. But even if that were not true, attempting to achieve decentralized governance ...
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作者：Allen, Darcy W. E.; Berg, Chris; Lane, Aaron M.
作者单位：Royal Melbourne Institute of Technology (RMIT)
摘要：Blockchain treasuries are pools of cryptocurrency earmarked for funding goods and services within a blockchain ecosystem, such as protocol upgrades. Blockchain participants, such as users and developers, face a trust problem in ensuring that the treasury is robust to opportunism, such as theft or misappropriation of the assets. Treasury governance structures, such as committees or stakeholder voting, seek to create trust in treasury functions. In this paper, we use new comparative economics to...
