The objective of the MIT Cryptoeconomics Lab is to push the research frontier in the emerging field of cryptoeconomics.
Cryptoeconomics brings together the fields of economics and computer science to study the decentralized marketplaces and applications that can be built by combining cryptography with economic incentives.
It focuses on individual decision-making and strategic interaction between different participants in a digital ecosystem (e.g. users, providers of key resources, application developers etc.), and uses methodologies from the field of economics - such as game theory, mechanism design and causal inference - to understand how to fund, design, develop, facilitate the operations and encourage the adoption of decentralized marketplaces and related services and digital assets.
The resulting "digital economies" often require the definition of a monetary, fiscal, privacy and innovation policy. Moreover, they need effective governance to ensure that the platform maintainers can upgrade the underlying software protocols over time in response to changes in the environment, technology or market needs.
LATEST RESEARCH BY THE LAB
Catalini, Christian, and Catherine Tucker. Antitrust Law Journal Vol. 82, No. 3 (2019): 1-10. SSRN.
Catalini, Christian, and Joshua S. Gans. Communications of the ACM, July 2020.
Catalini, Christian, and Joshua Gans, MIT Sloan Working Paper 5347-18. Cambridge, MA: MIT Sloan School of Management, March 2019.
Gordon, William, and Christian Catalini. Computational and Structural Biotechnology Journal Vol. 16, (2018): 224-230.
Catalini, Christian, and Catherine Tucker. Science Vol. 357, No. 6347 (2017): 135-136.
Athey, Susan, Christian Catalini, and Catherine Tucker, MIT Sloan Working Paper 5196-17. Cambridge, MA: MIT Sloan School of Management, June 2017.
MIT Cryptoeconomics Lab
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The Lab in the Press
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"You could imagine some of the issues being exploited, eventually. But the community will get better at developing the right solutions."
CIOs called to quickly show return on technology investment
"In the research that we've done, companies that are much more effective at creating the four drivers have much higher revenue growth."
How digital currencies can help small businesses
"These new assets support programmability, which can be used for conditional payments and more complex applications such as escrow."
Cryptocurrencies and decentralized finance (DeFi)
"DeFi applications might have the potential to democratize finance by creating a level playing field among providers of financial products ... "
Can Web3 bring back competition to digital platforms?
"In this piece, we highlight three fundamental costs that Web3 technology can potentially reduce."
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Adam Au (MBA ’20): "After a banner year of 2021 for individual object sales through NFTs, 2022 is poised to be the year of MetaFi.”
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“'Digital smarts' is an understanding … of the impact that emerging technologies will have on a business's success over the next decade.”