kaal:claim:3249860-005

DAOs can replace the coordination and monitoring functions supplied by the firm, because they can measure each member's contribution to the finished work product more efficiently and allocate rewards accordingly.

Arguably, DAOs can replace the otherwise needed functions that are supplied by the firm that acts as the coordinator and monitor of a team because DAOs can more efficiently measure the contribution of each DAO member to the finished work product and allocate respective rewards accordingly.

Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018), II.2 Challenging the Theory of the Firm, p. 7
https://ssrn.com/abstract=3249860 · source PDF

Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860

• supported by trust enhancing technologies such as reputation verification in decentralized anonymous systems

mechanismsupport: argueddaocompliancereputationeconomics

• extended_by kaal:claim:3949098-018 Meaningful reputation in a business network removes the need for monitoring cost and lowers transaction costs ...

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