Demand elasticities of Bitcoin and Ethereum
分析了比特币和以太坊在价格、交易费用和能源使用方面的动态需求弹性,发现两者价格弹性显著为正,但交易费用弹性一负一正,反映用途差异。
In this paper we analyze dynamic demand elasticity for Bitcoin and Ethereum in terms of price, transaction fees, and energy usage. We find that while both BTC and ETH have significantly positive price elasticities, transaction fee elasticity is negative and positive for BTC and ETH respectively, indicating differences in potential uses for these cryptocurrencies.