
Tokenomics is a premier international forum that focuses on the theory, design, analysis, implementation, and applications of platform economics, blockchains, and smart contracts. The conference aims to bring together leading economists, computer science researchers, and industry practitioners who are actively working on advancing the field of blockchain economics and technologies. The program offers a unique opportunity to engage with outstanding invited speakers and academic presentations.
This year's conference is hosted by the Columbia Center for Digital Finance and Technologies, and the Briger Family Digital Finance Lab, further amplifying its impact and relevance.
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Organizing institutions: Columbia University and University of Pennsylvania
The reviewers will carefully evaluate the initial 16 pages of the manuscript, including the cover page, figures, tables, and references. In case the paper exceeds 15 pages, there is no assurance that the referees will review the additional pages. Therefore, the final decision of acceptance or rejection will primarily depend on the content within the first 15 pages.
The cover page must contain the paper's title, the names and affiliations of the authors along with their email addresses, the contact author's information, a list of keywords, and an abstract. The abstract should consist of 1 to 2 paragraphs that provide a concise summary of the submission's contributions. Additionally, authors may include a clearly marked appendix.
All submissions are for presentation only. No conference proceedings will be published.
PC: Computer Science Track
Brett Hemenway Falk, University of Pennsylvania (chair)
Elli Androulaki, IBM Research – EuropeÂ
Matheus Xavier Ferreira, HarvardÂ
Chryssis Georgiou, University of CyprusÂ
Arthur Gervais, University College London
Maurice Herlihy, Brown UniversityÂ
Dimitris Karakostas, University of EdinburghÂ
Aggelos Kiayias, University of Edinburgh and IOG
William J. Knottenbelt, Imperial CollegeÂ
Philip Lazos, IOGÂ
Andrew Lewis-Pye, London School of EconomicsÂ
Francisco Marmolejo, HarvardÂ
Jan Christoph Schlegel, City University of LondonÂ
David Siska, University of EdinburghÂ
Qiang Tang, University of SydneyÂ
Sara Tucci-Piergiovanni, CEA LISTÂ
Catherine Tucker, MITÂ
Dimitrios Vasilopoulos, IMDEA Software InstituteÂ
PC Economics Track
Yeon-Koo Che, Columbia University (chair)
Arash Aloosh, Léonard de Vinci Business School
Bruno Biais, HECÂ Â
Christophe Bisiere, Toulouse School of EconomicsÂ
Eric Budish, Chicago BoothÂ
Catherine Casamatta, Toulouse School of EconomicsÂ
Will Cong, Cornell UniversityÂ
Neil Gandal, Tel Aviv, EconomicsÂ
Joshua Gans, Toronto, RotmanÂ
Rod Garratt, BISÂ
Samuel Haefner, University of St. Gallen
Guillaume Haeringer, Baruch CollegeÂ
Wenqian Huang, BISÂ Â
Gur Huberman, Columbia UniversityÂ
Thorsten Koeppl, Queens UniversityÂ
Anthony Lee Zhang, Chicago BoothÂ
Jacob Leshno, Chicago BoothÂ
Emiliano Pagnotta, Singapore Management UniversityÂ
Julien Prat, Ecole PolytechniqueÂ
Mariana Rojas Breu, Panthéon-Assas UniversityÂ
Fahad Saleh, Wake Forest UniversityÂ
Linda Schilling, Washington University in St LouisÂ
Philipp Strack, Yale, EconomicsÂ
Alexander Teytelboym, University of Oxford
Katrin Tinn, McGill UniversityÂ
Gerry Tsoukalas, Boston UniversityÂ
Marteen Van Oord, Vrije University AmsterdamÂ
Marianne Verdier, Panthéon-Assas UniversityÂ
Luana Zaccaria, EIEFÂ
Marius Zoican, University of Toronto
Presentation: "Market Making and Decentralized Consensus"
We study the profitability of market makers like Uniswap, and explore the design decisions around market making.
Philipp Strack is a Professor of Economics at Yale. He is interested in behavioral economics, the design of institutions, and the economics of Web3.
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Presentation: "Token-Based Communities and Optimal Membership Design"
Scott Duke Kominers is a Professor of Business Administration in the Entrepreneurial Management Unit at Harvard Business School (HBS); as well as a Faculty Affiliate of the Harvard Department of Economics and the Harvard Center of Mathematical Sciences and Applications; Co-Principal Investigator of the Harvard Crypto, Fintech and Web3 Lab; and an a16z crypto Research Partner. He is an Editor of the Review of Economics and Statistics and serves on the Board of Editors of the Journal of Economic Literature.
After receiving his AB summa cum laude and Phi Beta Kappa in mathematics (with a minor in ethnomusicology) at Harvard University in 2009, Kominers earned his AM and PhD in Business Economics at Harvard, in 2010 and 2011, respectively. Prior to joining HBS, he was the inaugural Saieh Family Fellow in Economics at the Becker Friedman Institute at the University of Chicago, and then a Junior Fellow at the Harvard Society of Fellows.
Kominers's research focuses on market design, developing economic theory and analysis that provides practical solutions to real-world problems. In recent years, his work has particularly focused on blockchain-based platforms, crypto, and Web3. He also advises companies on marketplace and incentive design, and is involved in a number of NFT communities. His first book is The Everything Token: How NFTs and Web3 Will Transform the Way We Buy, Sell, and Create (co-authored with Steve Kaczynski and forthcoming from Portfolio in January, 2024).
Session 1: DEXs
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10:30AM - 11:00AM
"Augmenting Batch Exchanges with Constant Function Market Makers"
- Geoffrey Ramseyer (Stanford), Mohak Goyal (Stanford), Ashish Goel (Stanford), David Mazieres (Stanford)
11:00AM - 11:30AM
"An Economic Model of a Decentralized Exchange with Concentrated Liquidity"
- Joel Hasbrouck (NYU), Thomas Rivera (McGill), Fahad Saleh (Wake Forest)
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11:30AM - 12:00PM
"The Geometry of Constant Function Market Makers"
- Guillermo Angeris (Bain Capital), Tarun Chitra (Gauntlet), Theo Diamandis (MIT & Bain Capital), Alex Evans (Bain Capital), Kshitij Kulkarni (Berkeley)
Session 2: Lending and Interest Rates
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1:30PM - 2:00PM
"Stablecoin Devaluation Risk"
- My Nguyen (WashU), Barry Eichengreen (Berkeley), Ganesh Viswanath-Natraj
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2:00PM - 2:30PM
"Phantom Liquidity in Decentralized Lending"
- Andreas Park (Toronto), Jona Stinner (Witten/Herdecke)
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2:30 PM - 3:00PMÂ
"Inflation Expectation and Cryptocurrency Investment"
- Qihong Ruan (Cornell), William Cong (Cornell), Jiasun Li (George Mason), Pulak Ghosh (IIM-Bangalore)
Session 3: Governance
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3:30PM - 4:00PM
"Balancing Power in Decentralized Governance: Quadratic Voting under Imperfect Information"
-Â Alon Benhaim (Microsoft), Brett Falk (Penn), Gerry Tsoukalas (BU)
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4:00PM - 4:30PM
"Will Blockchains Disintermediate Platforms? Limits to Decentralization in DAOs"
-Â Yannis Bakos (NYU), Hanna Halaburda (NYU)
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4:30PM - 5:00PM
"Token-Based Platform Governance"
-Â Joseph Abadi (Philly FRB), Markus Brunnermeier (Princeton)
Session 4: Security
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10:30AM - 11:00AM
"Speculative Denial-of-Service Attacks In Ethereum"
-Â Aviv Yaish (Hebrew), Kaihua Qin (Imperial College), Liyi Zhou (Imperial College), Aviv Zohar (Hebrew), Arthur Gervais (University College)
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11:00AM - 11:30AM
"MEV Makes Everyone Happy under Greedy Sequencing Rule"
- Yuhao Li (Columbia), Mengqian Zhang (NYU) , Jichen Li (PKU), Elynn Chen (NYU), Xi Chen (NYU), Xiaotie Deng (PKU)
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11:30AM - 12:00PM
"Undetectable Selfish Mining"
-Â Maryam Bahrani (a16z crypto), S. Matthew Weinberg (Princeton)
Session 5: Empirics of Blockchain
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1:30PM - 2:00PM
"Mempool: The Antechamber to the Blockchain"
-Â Paolo Guasoni (Dublin City), Gur Huberman (Columbia), Josiah Baker (Bitcoin), Clara Shikhelman (ChainCode)
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2:00PM - 2:30PM
"Liquidity fragmentation on decentralized exchanges"
-Â Alfred Lehar (Calgary), Christine Parlour (Berkeley), Marius Zoican (Toronto)
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2:30PM - 3:00PM
"Estimating Investor Preferences for Blockchain Security"
- Nir Chemaya (UCSB), Dingyue Liu (UCSB)
Best Paper Award Voting Closes at 3:10PM
All presentations at Tokenomics 2023 will take place in Davis Auditorium in Schapiro CEPSR on Columbia University's Morningside Campus in NYC. Registration and all meals will be located next door in Carleton Commons (Mudd Building, 4th Floor Campus Level, 500 W 120th St, NYC). Please check in first at the registration desk in Carleton Commons before heading over to Davis Auditorium in Schapiro CEPSR.
Tokenomics is a premier international forum that focuses on the theory, design, analysis, implementation, and applications of platform economics, blockchains, and smart contracts. The conference aims to bring together leading economists, computer science researchers, and industry practitioners who are actively working on advancing the field of blockchain economics and technologies. The program offers a unique opportunity to engage with outstanding invited speakers and academic presentations.
This year's conference is hosted by the Columbia Center for Digital Finance and Technologies, and the Briger Family Digital Finance Lab, further amplifying its impact and relevance.
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Organizing institutions: Columbia University and University of Pennsylvania
The Center for Digital Finance and Technologies within the School of Engineering and Applied Sciences at Columbia University aims to address the societal needs of Fintech companies, and understand the promises of emerging financial innovation. The Center leverages multi-disciplinary expertise at Columbia in diverse domains such as computer science, engineering, data science, finance, and economics, to answer these questions.
The Briger Family Digital Finance Lab seeks to bring together academics and practitioners to explore this space, and to understand challenges and opportunities such as the fundamental economics of blockchains, decentralized market microstructure, and mechanisms for decentralized organization and governance.