Decentralised finance (DeFi) represents an extremely interesting and continuously growing area of the financial sector. The present paper analyses varied types of digital platforms, expression of different degrees of decentralisation/disintermediation, focusing on capital raising ones since...

This paper presents a stylized social-interaction game where the implementation of a lockdown policy is delegated to the decentralized, uncoordinated decision-making of a large population of atomistic agents – assumed risk-neutral and demographically heterogeneous. Compliance with policy...

“What things will be like, when, if ever, they have attained righteousness” A Decentralised Autonomous Organisation (‘DAO’) is a term used to describe a ‘virtual’ organisation embodied in computer code and executed on a distributed ledger or blockchain. DAOs implement smart contract...

Does fiscal decentralization improve health and educational outcomes? Does this improvement depend on the quality of governance? How do fiscal decentralization and governance interact? We answer these questions through an instrumental variable Tobit analysis of cross-country panel data. We find...

Due to the presence of multiple participants and tiers in the supply chain network there lies a high risk of data corruption and authenticity, resulting in lack of data transparency and responsiveness. However, there are several methods that are being practiced to establish more secure supply...

This paper investigates the impact of inequality in the geographic distribution of fiscal resources on regional economic growth under fiscal decentralization policy in the context of China’s experience, using panel data for 28 provinces over the period 1987–2010. In the recent past, the...

European Union law has an increasing impact on the development of Member States' taxation powers. This is particularly evident in the case of sub-central entities, such as the Autonomous Communities. These limits are themselves in a process of transformation, so it is not always easy to know in...