מונופולים בעידן המידע: ביזור מוסדות עבור המערכת החברתית. איב גוטרמן.

In the new information age, technological innovation is changing the very nature of our economy and our incentives therein. Inputs no longer characterized by scarcity are dominating our markets, calling into question our most basic economic models for how to maximize efficiency and value in the market. This study tackles four of classic wicked problems of social welfare, thought to be unsolvable under conditions of market capitalism: (1) the redistribution of wealth, (2) the principal-agent problem, (3) the institution of property rights, and (4) the supply of public goods. We reframe them as centralized monopoly control problems, that are currently being exacerbated by the changing nature of our increasingly digital global economy. Our study hypothesizes that decentralized ledger technologies (DLTs) could serve as foundation for a new breed of digital institution with the potential to present new solutions these problems by increasing individual agency and resilience, realigning market incentives, and returning true competition to the free market. This study uses four unique cases of digital institutions built on a distributed ledger intended to address the wicked problems listed above.

‍