One of the main trends in the evolution of smart grids is transactive energy, where distributed energy resources, e.g. smart meters, develop towards Internet-of-Things (IoT) devices enabling prosumers to trade energy directly among each other, without the need of involving any centralised third party. The expected advantages in terms of cost-effectiveness would be significant, indeed technical ...

We present three smart contracts that allow a briber to fairly exchange bribes to miners who pursue a mining strategy benefiting the briber. The first contract, CensorshipCon, highlights that Ethereum’s uncle block reward policy can directly subsidise the cost of bribing miners. The second contract, HistoryRevisionCon, rewards miners via an in-band payment for reversing transactions or enforcin...

This article examines the leading principles governing interpretation of written contracts under English law. This is a comprehensive and incisive analysis of the current law and of the relevant doctrines, including the equitable principles of rectification, as well as the powers of appeal courts or of the High Court when hearing an appeal from an arbitral award. The topic of interpretation of ...

For many years, the accepted wisdom has been that the key to adoption of best-effort hardware transactions is to guarantee progress by combining them with an all software slow-path, to be taken if the hardware transactions fail repeatedly. However, all known generally applicable hybrid transactional memory solutions suffer from a major drawback: the coordination with the software slow-path intr...

Front-running attacks have been a major concern on the blockchain. Attackers launch front-running by inserting additional transactions before upcoming victim to manipulate transaction executions and make profits. Recent studies shown that are prevalent Ethereum blockchain caused millions of US dollars loss. Vulnerable smart contracts, programs invoked transactions, held responsible for attacks....

Economic performance depends crucially on how parties adapt to changing circumstances. We therefore study how the organization of economic activity can facilitate such adaptation. Where spot transactions would produce inefficient adaptation, we ask how governance structures (allocations of control) can facilitate relational contracts that improve on spot adaptation. We show that the optimal gov...

The issue of what, if any, purchase non-shareholder corporate constituencies (that is, employees, creditors, suppliers, customers, and communities) should have on the discretionary decisions of corporate management has proved to be one of the most durable, if not vexing, issues in modern corporate scholarship. Most recently, the issue has resurfaced in the context of the takeover wave of the 19...