Blockchain and the evolution of institutional technologies: Implications for innovation policy

Volume: 49, Issue: 1, Pages: 103865
Published: Feb 1, 2020
Abstract
null null For the past century economists have proposed a suite of theories relating to industrial dynamics, technological change and innovation. There has been an implication in these models that the institutional environment is stable. However, a new class of institutional technologies—most notably blockchain technology—lower the cost of institutional entrepreneurship along these margins, propelling a process of institutional evolution. This...
Paper Details
Title
Blockchain and the evolution of institutional technologies: Implications for innovation policy
Published Date
Feb 1, 2020
Volume
49
Issue
1
Pages
103865
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