Attention Markets of Blockchain-based Decentralized Autonomous Organizations

doi:10.1109/JAS.2024.124491

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	Attention Markets of Blockchain-based Decentralized Autonomous Organizations
	Juanjuan Li; Rui Qin; Sangtian Guan; Wenwen Ding; Fei Lin; Fei-Yue Wang
发表期刊	IEEE/CAA Journal of Automatica Sinica
ISSN	2329-9266
	2024
卷号	11 期号:6 页码:1370-1380
摘要	The attention is a scarce resource in decentralized autonomous organizations (DAOs), as their self-governance relies heavily on the attention-intensive decision-making process of “proposal and voting”. To prevent the negative effects of proposers’ attention-capturing strategies that contribute to the “tragedy of the commons” and ensure an efficient distribution of attention among multiple proposals, it is necessary to establish a market-driven allocation scheme for DAOs’ attention. First, the Harberger tax-based attention markets are designed to facilitate its allocation via continuous and automated trading, where the individualized Harberger tax rate (HTR) determined by the proposers’ reputation is adopted. Then, the Stackelberg game model is formulated in these markets, casting attention to owners in the role of leaders and other competitive proposers as followers. Its equilibrium trading strategies are also discussed to unravel the intricate dynamics of attention pricing. Moreover, utilizing the single-round Stackelberg game as an illustrative example, the existence of Nash equilibrium trading strategies is demonstrated. Finally, the impact of individualized HTR on trading strategies is investigated, and results suggest that it has a negative correlation with leaders’ self-accessed prices and ownership duration, but its effect on their revenues varies under different conditions. This study is expected to provide valuable insights into leveraging attention resources to improve DAOs’ governance and decision-making process.
关键词	Attention decentralized autonomous organizations Harberger tax Stackelberg game
DOI	10.1109/JAS.2024.124491
WOS记录号	WOS:001236736400014
引用统计
文献类型	期刊论文
条目标识符	http://ir.ia.ac.cn/handle/173211/56455
专题	学术期刊_IEEE/CAA Journal of Automatica Sinica
推荐引用方式 GB/T 7714	Juanjuan Li,Rui Qin,Sangtian Guan,et al. Attention Markets of Blockchain-based Decentralized Autonomous Organizations[J]. IEEE/CAA Journal of Automatica Sinica,2024,11(6):1370-1380.
APA	Juanjuan Li,Rui Qin,Sangtian Guan,Wenwen Ding,Fei Lin,&Fei-Yue Wang.(2024).Attention Markets of Blockchain-based Decentralized Autonomous Organizations.IEEE/CAA Journal of Automatica Sinica,11(6),1370-1380.
MLA	Juanjuan Li,et al."Attention Markets of Blockchain-based Decentralized Autonomous Organizations".IEEE/CAA Journal of Automatica Sinica 11.6(2024):1370-1380.

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