The FTX scandal and crypto boom-and-bust cycles have called into question the sustainability of decentralised systems like DAOs. This article argues that inherent constraints will limit DAOs' mainstream adoption. We contend that the primacy of code in DAOs - represented by the code is law maxim...

This paper aims to comprehensively examine the impact of China's environmental decentralization on corporate environmental, social, and governance (ESG) performance and investigate the underlying mechanisms. We analyze data from Chinese listed firms spanning from 2010 to 2020. The empirical...

Decentralization, championed by international institutions, has been one of the most prominent public sector reforms of the last decades, particularly in sub-Saharan Africa. To date, few studies propose a quasi-experimental evaluation of its capacity to contribute to local development. We...

As decentralization is a cross-cutting concept, there are many ways to measure it. This short note aims to unpack the concepts of decentralization by conducting a global literature review. It starts with a review of the traditional ways of approaching decentralization and the history of its...

Demand response (DR) and Energy Communities are highlighted as two key means to facilitate the energy transition in Europe by providing flexibility to the grid in a decentralized way. This paper uses a theoretical framework, the balanced readiness level assessment, to review five social and...

Navigating the intricate dynamics between environmental decentralization and green growth, this research meticulously explores the multifaceted relationships among these variables within China's specific socio-economic and political context from 2002 to 2022. The study unveils a nuanced picture,...

Changes in political boundaries aimed at devolving power to local governments are common in many countries. We examine the economic consequences of redistricting through the creation of smaller government units. Exploiting reforms that led to sharp variations in the number of government units in...