Demand elasticities of Bitcoin and Ethereum

Akanksha Jalan; Roman Matkovskyy; Andrew Urquhart

doi:10.1016/J.ECONLET.2022.110877

Demand elasticities of Bitcoin and Ethereum

Akanksha Jalan, Roman Matkovskyy, Andrew Urquhart^*

^*Corresponding author for this work

Finance

Research output: Contribution to journal › Article › peer-review

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Abstract

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.

Original language	English
Article number	110877
Number of pages	5
Journal	Economics Letters
Volume	220
Early online date	30 Sept 2022
DOIs	https://doi.org/10.1016/J.ECONLET.2022.110877
Publication status	Published - Nov 2022

Keywords

Bitcoin
Ethereum
Cryptocurrency
Elasticity
Demand

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Cite this

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title = "Demand elasticities of Bitcoin and Ethereum",

abstract = "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.",

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AU - Matkovskyy, Roman

AU - Urquhart, Andrew

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AB - 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.

KW - Bitcoin

KW - Ethereum

KW - Cryptocurrency

KW - Elasticity

KW - Demand

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VL - 220

JO - Economics Letters

JF - Economics Letters

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