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Author

E. Park

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Preprint Sep 2026

Beyond Incentive Compatibility: Rational Harm-Proof Transaction Fee Mechanisms

Transaction fee mechanisms (TFMs) allocate scarce block space in blockchains. Prior work focuses on incentive compatibility (IC): honest behavior maximizes the payoff of each strategic player. We introduce rational-harm proofness (RHP), which rules out deviations that harm honest participants without reducing the devia...

Forest Zhang, E. Park, Ke Wu · 0 citations

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