讲座预告|香港浸会大学Kim Sau Chung教授学术报告会(世纪经英论坛)



Kim Sau Chung is a professor in the Department of Economics, and the director of the Center for Business Analytics and the Digital Economy at Hong Kong Baptist University. He received his Ph.D. in Economics from University of Wisconsin-Madison in 1999. Since then, he has worked in Northwestern University, University of Minnesota, University of Hong Kong and Chinese University of Hong Kong. Professor Chung joined HKBU in 2017.

Professor Chung`s research areas include Chinese Economy, Political Economy and Economic Theory. His publications have appeared in American Economic Review, Econometrica, Review of Economic Studies, top-tier economic journals like Economic Journal, Games & Economic Behavior, Journal of Economic Theory, Journal of Development Economics, Journal of Public Economics, Theoretical Economics and so on.

讲座嘉宾:香港浸会大学Kim Sau Chung教授

讲座题目:A Quality-Ladder Model of Digital Currencies




Ever since the first cryptocurrency, Bitcoin, was invented in 2008, the number of cryptocurrencies has exploded. Many of them were invented with various improvements over previous ones, such as a less wasteful consensus mechanism, a stronger cryptographic technology, and a more flexible transaction protocol. These innovations, just like innovations in more traditional economic sectors, are costly for the corresponding innovators. We introduce a quality-ladder model of digital currencies, and address the question of whether, in a decentralized market of privately-issued currencies, innovators have adequate incentives to innovate for the benefit of the society.



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