Hanna Halaburda

About

Hanna Halaburda is an Associate Professor of Technology, Operations, and Statistics at NYU Stern School of Business, having joined the institution in September 2019. Her research focuses on how technology influences economic forces, business models, and marketplace interactions. A significant strand of her work examines competition between digital platforms, with a particular emphasis on digital currencies and blockchain technologies since 2011. Her research includes analyses of incentives in consensus protocols, cryptocurrency adoption, smart contracts, and token issuance. Professor Halaburda has published her work in reputable academic journals such as Management Science, RAND, American Economic Journal, and Games and Economic Behavior. She co-authored the book 'Beyond Bitcoin: The Economics of Digital Currency,' which was first published in 2015 and has a second edition released in 2022. Her academic background includes a Ph.D. in Economics from Northwestern University, Master's degrees in Economics from the Warsaw School of Economics, and in Philosophy from Warsaw University. Prior to her current role, she was an Assistant Professor at Harvard Business School and a senior economist at the Bank of Canada.

Selected publications

• Overcoming the Coordination Problem in New Marketplaces via Cryptographic Tokens

  Information Systems Research · 2022 · 47 citations

  Senior author

  New platforms such as peer-to-peer marketplaces frequently face a “coordination problem” in attracting users, as potential users may be reluctant to join given the uncertainty of other users joining, and this could cause the new platform to fail. There are several mechanisms in the literature to help address this coordination problem, such as subsidies for early users and promises of refunds or buybacks if the platform fails; these mechanisms, however, are likely to favor incumbent and larger fi…

  PublisherDOI

• When permissioned blockchains deliver more decentralization than permissionless

  Communications of the ACM · 2021 · 44 citations

  Considerations for the governance of distributed systems.

  PublisherOA PDFDOI

• Digitization of Transaction Terms within TCE: Strong Smart Contract as a New Mode of Transaction Governance

  MIS Quarterly · 2024-06-01 · 28 citations

  article1st authorCorresponding

  We use transaction cost economics (TCE) to define the “digitization of transaction terms” shift parameter that describes the institutional changes associated with increased digitization in society. We then draw on legal scholarship to analyze how strong smart contracts, which refer to agreements with automatic execution and enforcement that are not reversible by courts, rely on a new level of digitization of transaction terms. Specifically, these contracts may rely on standard digital infrastruc…

  PublisherDOI

• Bitcoin Mining Meets Wall Street: A Study of Publicly Traded Crypto Mining Companies

  SSRN Electronic Journal · 2023-01-01 · 8 citations

  articleOpen access1st authorCorresponding
  PublisherDOI

• The business revolution: Economy‐wide impacts of artificial intelligence and digital platforms

  Journal of Economics & Management Strategy · 2024-02-20 · 6 citations

  articleOpen access1st author

  Abstract In this essay, we identify several themes of the digital business transformation, with a particular focus on the economy‐wide impacts of artificial intelligence and digital platforms. In doing so, we highlight specific industries, beyond just the high‐profile “Big Tech” firms, where the digital business revolution is having, or promises to have, significant impact. The papers in this special issue (flagged with bold font below) provide a deeper analysis of the themes and applications we…

  PublisherOA PDFDOI

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