WORKING PAPER | As bitcoin becomes more important as a worldwide financial phenomenon, it also becomes important to understand its sources of value formation.

WORKING PAPER | A model is developed in this paper to formalize this process where cryptocurrency miners seeking to maximize production in terms of bitcoins earned in a day will exploit any such opportunities.

RELAB POLICY NOTE | This policy note shows how the current system of tax deferral for retirement contributions contributes to wealth inequality.

WORKING PAPER | This paper aims to identify the likely source(s) of value that cryptocurrencies exhibit in the marketplace using cross sectional empirical data examining 66 of the most used such 'coins'.