Open Access

Token-Weighted Crowdsourcing

Gerry Tsoukalas
Corresponding Author
Gerry Tsoukalas
[email protected]
https://orcid.org/0000-0003-2011-3646
The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104;
Search for more papers by this author
,
Brett Hemenway Falk
Brett Hemenway Falk
[email protected]
Department of Computer and Information Sciences, University of Pennsylvania, Philadelphia, Pennsylvania 19104
Search for more papers by this author

Gerry Tsoukalas

Corresponding Author

Gerry Tsoukalas

[email protected]

https://orcid.org/0000-0003-2011-3646

The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104;

Search for more papers by this author

Brett Hemenway Falk

[email protected]

Department of Computer and Information Sciences, University of Pennsylvania, Philadelphia, Pennsylvania 19104

Search for more papers by this author

Published Online:3 Aug 2020https://doi.org/10.1287/mnsc.2019.3515

Supplemental Material

mnsc.2019.3515.sm1.pdf

Cited by
- An Intelligent Framework for the Management of Fractional Ownership of Digital Assets through Decentralised Autonomous Organisations (DAO)
  31 March 2026 | International Journal of Computational Intelligence Systems, Vol. 19, No. 1
- Collusion-proof decentralized autonomous organizations
  Research Policy, Vol. 55, No. 7
- Decentralized Autonomous Organization Governance
  Jungsuk Han,
  Jongsub Lee,
  Tao Li
  12 June 2026 | Management Science, Vol. 0, No. 0
- Balancing Power in Decentralized Governance: Quadratic Voting and Information Aggregation
  Alon Benhaim,
  Brett Hemenway Falk,
  Gerry Tsoukalas
  3 November 2025 | Management Science, Vol. 72, No. 6
- Resolving Conflicts in Crowds: An Earnings Forecast Application
  Houping Xiao,
  Shiyu Wang
  7 November 2025 | INFORMS Journal on Data Science, Vol. 5, No. 2
- The power of governance: A study on the relationship between on-chain DAO governance and token performance
  17 May 2025 | Journal of Information Technology, Vol. 41, No. 1
- Transaction Fee Mechanisms and User Welfare in Permissionless Blockchains
  24 July 2025 | Production and Operations Management, Vol. 35, No. 3
- Tokenization-enabled sustainable deep-tier supply chain finance
  2 February 2026 | International Journal of Production Research
- The Effects of Tokenization on Ride‐Hailing Blockchain Platforms
  12 December 2025 | Production and Operations Management, Vol. 35, No. 1
- Opportunities and challenges of blockchain for multi-sided platforms
  21 March 2025 | Electronic Markets, Vol. 35, No. 1
- Behavioral Simulation of Blockchain-Enabled Market for Supplier Capacity Trading Among Retailers
  Kai Wendt,
  Volodymyr Babich,
  Daniel Hellwig,
  Arnd Huchzermeier
  17 November 2025 | Management Science, Vol. 0, No. 0
- Truth, trust, and trade-offs: When blockchain in supply chains backfires
  European Journal of Operational Research, Vol. 326, No. 3
- Decentralised autonomous organisations: the marketing perspective of tokenomics
  18 September 2025 | European Journal of Marketing, Vol. 59, No. 9
- What doesn't kill you makes you stronger? Evidence from vampire attacks on decentralized exchange and non‐fungible token marketplace
  25 December 2024 | Journal of Operations Management, Vol. 71, No. 7
- Beyond Money: Incentive Effects of Tokenized Ownership on User Contribution in DAOs
  23 February 2025 | Journal of Operations Management, Vol. 71, No. 7
- How to Mitigate Misinformation Diffusion on Blockchain‐Based Decentralized Social Network Platforms? Insights From an Agent‐Based Simulation Model
  21 July 2025 | Journal of Operations Management, Vol. 71, No. 7
- Charting the Future of Blockchain in Operations and Supply Chain Management: Opportunities and Challenges
  6 August 2025 | Journal of Operations Management, Vol. 71, No. 7
- Examining the Relationship between Coalition Voting and Knowledge Contribution in Decentralized Autonomous Organizations
  31 March 2025 | Journal of Systems Science and Systems Engineering, Vol. 34, No. 4
- Socio-technical phenomena involving blockchain use: Literature review, conceptual framework, and research agenda
  The Journal of Strategic Information Systems, Vol. 34, No. 2
- Distributed Ledgers and Secure Multiparty Computation for Financial Reporting and Auditing
  Sean Shun Cao; ,
  Lin William Cong; ,
  Baozhong Yang
  22 August 2024 | Management Science, Vol. 71, No. 5
- Application of blockchain in the secondary market with counterfeiting
  Transportation Research Part E: Logistics and Transportation Review, Vol. 197
- A review of DAO governance: Recent literature and emerging trends
  Journal of Corporate Finance, Vol. 91
- Blockchain adoption for product freshness traceability under platform competition
  22 July 2024 | International Journal of Production Research, Vol. 63, No. 4
- Incentives in decentralised autonomous organisations
  International Journal of Production Economics, Vol. 280
- Governance of Decentralized Platform Ecosystems
  22 March 2025
- Efficiency Analysis of Decentralized Autonomous Organization (DAO) Voting Mechanisms
- Voting with Time Commitment for Decentralized Governance: Bond Voting as a Sybil-Resistant Mechanism
  Vijay Mohan,
  Peyman Khezr,
  Chris Berg
  6 March 2024 | Management Science, Vol. 70, No. 12
- Token sales design under network effect
  27 June 2024 | Naval Research Logistics (NRL), Vol. 71, No. 8
- Token-based platform governance
  Journal of Financial Economics, Vol. 162
- Combating fraudulent returns using blockchain technology
  27 April 2023 | International Transactions in Operational Research, Vol. 31, No. 6
- Evaluating blockchain as a participatory organisational system: looking for transaction efficiency
  8 June 2023 | International Transactions in Operational Research, Vol. 31, No. 6
- Blockchain adoption and optimal reinsurance design
  European Journal of Operational Research, Vol. 318, No. 1
- Corporate Governance Meets Data and Technology
  19 August 2024 | Foundations and Trends® in Finance, Vol. 14, No. 2
- Design and value analysis of the blockchain-based port logistics financial platform
  1 May 2023 | Maritime Policy & Management, Vol. 51, No. 6
- Decentralization illusion in Decentralized Finance: Evidence from tokenized voting in MakerDAO polls
  Journal of Financial Stability, Vol. 73
- Information Provision in Two-Sided Platforms: Optimizing for Supply
  Kostas Bimpikis,
  Yiangos Papanastasiou,
  Wenchang Zhang
  11 September 2023 | Management Science, Vol. 70, No. 7
- On the (almost) stochastic dominance of cryptocurrency factor portfolios and implications for cryptocurrency asset pricing
  1 June 2023 | European Financial Management, Vol. 30, No. 3
- Cryptoeconomics and Tokenomics as Economics: A Survey with Opinions
- Understanding decentralization of decision-making power in proof-of-stake blockchains: an agent-based simulation approach
  19 September 2022 | European Journal of Information Systems, Vol. 33, No. 3
- Supply Chain Transparency and Blockchain Design
  Yao Cui,
  Vishal Gaur,
  Jingchen Liu
  9 November 2023 | Management Science, Vol. 70, No. 5
- Agent-Based Model of Initial Token Allocations: Simulating Distributions post Fair Launch
  23 March 2024 | ACM Transactions on Management Information Systems, Vol. 15, No. 1
- Should Gig Platforms Decentralize Dispute Resolution?
  Wee Kiat Lee,
  Yao Cui
  16 November 2023 | Manufacturing & Service Operations Management, Vol. 26, No. 2
- Auditing decentralized finance
  The British Accounting Review, Vol. 56, No. 2
- Identification and Evolutionary Analysis of User Collusion Behavior in Blockchain Online Social Media
  IEEE Transactions on Computational Social Systems, Vol. 11, No. 1
- Enabling joint distribution with blockchain technology in last-mile logistics
  Computers & Industrial Engineering, Vol. 187
- Platform Operations in the Industry 4.0 Era: Recent Advances and the 3As Framework
  IEEE Transactions on Engineering Management, Vol. 71
- Corporate Governance Meets Data and Technology
  1 January 2024 | SSRN Electronic Journal, Vol. 37
- Blockchains: Fusing Platform Functionalities Under the CAP Tradeoff
  1 January 2024 | SSRN Electronic Journal, Vol. 43
- Ordering Strategies That Consider Positive and Negative Incentives for Designers Under Clothing Crowdsourcing
  7 October 2023
- Decentralized Platforms: Governance, Tokenomics, and ICO Design
  Jingxing (Rowena) Gan,
  Gerry Tsoukalas,
  Serguei Netessine
  12 September 2023 | Management Science, Vol. 69, No. 11
- Scaling Blockchains: Can Committee-Based Consensus Help?
  Alon Benhaim,
  Brett H. Falk,
  Gerry Tsoukalas
  10 October 2023 | Management Science, Vol. 69, No. 11
- Advances in Blockchain and Crypto Economics
  Bruno Biais,
  Agostino Capponi,
  Lin William Cong,
  Vishal Gaur,
  Kay Giesecke
  24 October 2023 | Management Science, Vol. 69, No. 11
- Blockchain-Enabled Deep-Tier Supply Chain Finance
  Lingxiu Dong,
  Yunzhe Qiu,
  Fasheng Xu
  21 June 2022 | Manufacturing & Service Operations Management, Vol. 25, No. 6
- The Value of Smart Contract in Trade Finance
  Xiaoyu Wang,
  Fasheng Xu
  8 July 2022 | Manufacturing & Service Operations Management, Vol. 25, No. 6
- Privacy-Preserving Network Analytics
  Marcella Hastings,
  Brett Hemenway Falk,
  Gerry Tsoukalas
  21 December 2022 | Management Science, Vol. 69, No. 9
- Impact of Bot Involvement in an Incentivized Blockchain-Based Online Social Media Platform
  23 August 2023 | Journal of Management Information Systems, Vol. 40, No. 3
- Blockchain characteristics and cryptocurrency returns
  Journal of International Financial Markets, Institutions and Money, Vol. 86
- The impact of platform restriction on manufacturer quality transparency in the blockchain era
  21 September 2021 | International Journal of Production Research, Vol. 61, No. 11
- Impact of Traceability Technology Adoption in Food Supply Chain Networks
  Lingxiu Dong,
  Puping (Phil) Jiang,
  Fasheng Xu
  22 June 2022 | Management Science, Vol. 69, No. 3
- Decentralization through Tokenization
  5 December 2022 | The Journal of Finance, Vol. 78, No. 1
- Need for speed , but how much does it cost? Unpacking the fee‐speed relationship in Bitcoin transactions
  17 July 2022 | Journal of Operations Management, Vol. 69, No. 1
- Green Energy, Emissions, and Blockchain Technology
  2 December 2023
- Interplay Between User Coalition Voting and Knowledge Contribution in Knowledge Community Under Blockchain Token Incentive-A PVAR Approach
  23 November 2023
- DAO Governance
  1 January 2023 | SSRN Electronic Journal, Vol. 48
- Invoice Tokenization for Deep-Tier Payables Finance
  1 January 2023 | SSRN Electronic Journal, Vol. 63
- Behavioral Simulation of Blockchain-Enabled Market for Supplier Capacity Trading among Retailers
  1 January 2023 | SSRN Electronic Journal, Vol. 3
- Equilibrium in a DeFi Lending Market
  1 January 2023 | SSRN Electronic Journal, Vol. 32
- Token Sales Design Under Network Effect
  1 January 2023 | SSRN Electronic Journal, Vol. 100
- Distributed Insurance: Tokenization of Risk and Reward Allocation
  1 January 2023 | SSRN Electronic Journal, Vol. 9
- Auditing Decentralized Finance
  1 January 2023 | SSRN Electronic Journal, Vol. 84
- Financing Product Development Projects in the Blockchain Era: Initial Coin Offerings Versus Traditional Bank Loans
  IEEE Transactions on Engineering Management, Vol. 69, No. 6
- Equilibrium Yield Curves with Imperfect Information
  1 December 2022 | Finance and Economics Discussion Series, Vol. 2022.0, No. 86
- Task management in decentralized autonomous organization
  19 April 2022 | Journal of Operations Management, Vol. 68, No. 6-7
- Enhancing Cryptocurrency Blocklisting: A Secure, Trustless, and Effective Realization
- The Internet of Things and Information Fusion: Who Talks to Who?
  Soroush Saghafian,
  Brian Tomlin,
  Stephan Biller
  17 March 2021 | Manufacturing & Service Operations Management, Vol. 24, No. 1
- Impact of Blockchain-Driven Accountability in Multi-Sourcing Supply Chains
  3 August 2021
- Blockchains, Smart Contracts, and Supply Chain Efficiency
  1 January 2022 | SSRN Electronic Journal, Vol. 63
- Stability of shares in the Proof of Stake Protocol -- Concentration and Phase Transitions
  SSRN Electronic Journal, Vol. 1
- Understanding Decentralization in Proof-of-Stake Blockchains: An Agent-Based Simulation Approach
  SSRN Electronic Journal, Vol. 20
- Token-Based Decentralized Governance
  SSRN Electronic Journal, Vol. 109
- Voting With Time Commitment for Decentralized Governance: Bond Voting as a Sybil-Resistant Mechanism
  SSRN Electronic Journal, Vol. 17
- Economics of NFTs: The Value of Creator Royalties
  1 January 2022 | SSRN Electronic Journal, Vol. 84
- Initial coin offerings for blockchain based product provenance authentication platforms
  International Journal of Production Economics, Vol. 233
- Evolution of Shares in a Proof-of-Stake Cryptocurrency
  Ioanid Roşu,
  Fahad Saleh
  6 November 2020 | Management Science, Vol. 67, No. 2
- Initial Coin Offerings, Speculation, and Asset Tokenization
  Jingxing (Rowena) Gan,
  Gerry Tsoukalas,
  Serguei Netessine
  3 December 2020 | Management Science, Vol. 67, No. 2
- Categories and Functions of Crypto-Tokens
  2 June 2021
- Incentivization in Decentralized Autonomous Organizations
  SSRN Electronic Journal, Vol. 70
- Blockchain-Enabled Deep-Tier Supply Chain Finance
  SSRN Electronic Journal, Vol. 63
- A Theory of FinTech and Trade Finance
  SSRN Electronic Journal, Vol. 123
- Cryptocurrency Factor Portfolios: Performance, Decomposition and Pricing Models
  SSRN Electronic Journal, Vol. 1
- Decentralized or Centralized Control of Online Service Platforms: Who Should Set Prices?
  SSRN Electronic Journal, Vol. 25
- Blockchain application in healthcare service mode based on Health Data Bank
  30 September 2020 | Frontiers of Engineering Management, Vol. 7, No. 4
- Towards an open and decentralized case law curation ecosystem
  2 October 2020 | PLOS ONE, Vol. 15, No. 10
- Blockchain Collaboration with Competing Firms in a Shared Supply Chain: Benefits and Challenges
  SSRN Electronic Journal, Vol. 55
- Privacy-Preserving Network Analytics
  SSRN Electronic Journal, Vol. 102
- Should Gig Platforms Decentralize Dispute Resolution?
  SSRN Electronic Journal, Vol. 37
- Need for Speed, but How Much Does It Cost? Unpacking the Fee-Speed Relationship in Cryptocurrency Transactions
  SSRN Electronic Journal, Vol. 65
- Do Fundamentals Drive Cryptocurrency Prices?
  SSRN Electronic Journal, Vol. 32
- Evolution of Shares in a Proof-of-Stake Cryptocurrency
  SSRN Electronic Journal, Vol. 32
- Distributed Ledgers and Secure Multi-Party Computation for Financial Reporting and Auditing
  1 January 2018 | SSRN Electronic Journal, Vol. 60

Volume 66, Issue 9

September 2020

Pages 3799-4358, iii-iv

Article Information

Supplemental Material

Metrics

Information

Received:December 06, 2018
Accepted:August 26, 2019
Published Online:August 03, 2020

Cite as

Gerry Tsoukalas, Brett Hemenway Falk (2020) Token-Weighted Crowdsourcing. Management Science 66(9):3843-3859.

https://doi.org/10.1287/mnsc.2019.3515

Keywords

PDF download

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Token-Weighted Crowdsourcing

Supplemental Material

Volume 66, Issue 9

Article Information

Supplemental Material

Metrics

Information

Cite as

Keywords

Sign Up for INFORMS Publications Updates and News