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Blockchain and the Evolution of Institutional Technologies: Implications for Innovation Policy
Published in Research Policy (with Chris Berg, Brendan Markey-Towler, Mikayla Novak and Jason Potts) Abstract: 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…