kaal:claim:3125822-029

Arbitration on the platform fails at either end of the fee range: if the parties set fees too low the selected arbiter refuses the work and the arbitration fails, and if arbiters demand fees higher than the public will pay they fail to attract cases.

Source quote, verbatim

If the fees chosen by the contracting parties are insufficient, the arbitration will fail as the arbiter selected will refuse to do the work. If the arbiters require fees higher than the public is willing to pay, they will fail to attract cases.

From

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018), 7.2.1.3 Fees, p. 27
https://ssrn.com/abstract=3125822 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018). SSRN: https://ssrn.com/abstract=3125822

Holds when

fees are set by the contracting parties, not by the platform

Classification

failuresupport: assertedfailure: fee mismatch arbitration failurefamily: staking-and-incentive-misalignmentlaw-and-legal-systemseconomicssystemic-risk

Verify

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