Research corpus MarketsBLC-STUDY-0097

Transaction Fee Mechanism Design

A mechanism-design reading of blockchain fees. Roughgarden separates what users pay, what miners keep, and what gets burned, and asks which combinations are incentive-compatible for myopic miners. EIP-1559 is the running example, not a price forecast.

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Design paper
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Record

Authors: Tim Roughgarden
Date: 2020
Publisher: Tim Roughgarden
Version: Source cited by the 2020 study. The study is the reading. This page does not add a second essay.
Document ID: BLC-STUDY-0097
DOI: None recorded
Last reviewed: 1 October 2026
Licence: No licence recorded. Rights status under review.

No hash is published. This build does not store those PDF bytes, so a checksum would be invented. Where a legacy path exists, it points at the Internet Archive copy of the old library.

Direct answer

Where to read

Official source — arXiv:2012.00854
Blockchain Lab study, the canonical readingOriginal commentary. Not a transcription of the paper.

Metadata and commentary only. The reading is the study page.

Full text

Full text is not published on this page. Public availability is not a licence to republish a document. Blockchain Lab has not recorded a licence that permits an HTML transcription, a training set, or a retrieval corpus of the paper. Text on this page is Blockchain Lab's own wording, or a pointer to a study that is also Blockchain Lab's wording.

What changed

The study separates the text from later network behaviour. This bibliographic page does not repeat that essay.

Relationships

Canonical readingTransaction fee mechanism design study
Related paperEIP-1559
Related paperFlash Boys 2.0
Related paperUniswap

Cite this record

These citations point at the source document. They are not a licence to copy it.

Author–date

Roughgarden, T. (2020). Transaction Fee Mechanism Design. Tim Roughgarden. https://arxiv.org/abs/2012.00854

BibTeX

@techreport{feemechanism2020,
  title = {Transaction Fee Mechanism Design},
  author = {Tim Roughgarden},
  year = {2020},
  institution = {Tim Roughgarden},
  url = {https://arxiv.org/abs/2012.00854},
  note = {Rights status: Official external source only. Blockchain Lab record: https://blockchainlab.com/research/corpus/papers/fee-mechanism}
}

RIS

TY  - RPRT
TI  - Transaction Fee Mechanism Design
AU  - Tim Roughgarden
PY  - 2020
PB  - Tim Roughgarden
UR  - https://arxiv.org/abs/2012.00854
N1  - Rights status: Official external source only
ER  -

CSL-JSON

[
  {
    "type": "report",
    "id": "BLC-STUDY-0097",
    "title": "Transaction Fee Mechanism Design",
    "author": [
      {
        "literal": "Tim Roughgarden"
      }
    ],
    "issued": {
      "date-parts": [
        [
          2020
        ]
      ]
    },
    "publisher": "Tim Roughgarden",
    "URL": "https://arxiv.org/abs/2012.00854",
    "note": "Rights status: Official external source only. Not a licence to republish the paper."
  }
]

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Rights record

Source status: Official source
Use status: Metadata and commentary only. The reading is the study page.
Rights: Official external source only
Training and retrieval: Not permitted from this site. There is no rights-cleared full text to retrieve or to train on.

Rights and licensing Corrections