By Jonah Burian & Davide Crapis Thank you Aleks Larsen, Barnabé Monnot, Justin Drake, Mike Neuder, and others at Blockchain Capital and the Ethereum Foundation for the help. Intro We present an economic analysis of the Execution Tickets mechanism. We setup a framework that allows us to characterize how the value of Execution Tickets (the assets) changes with different configurations of the allocation and lottery mechanisms. We derive foundational results that have important implications whe...