kaal:claim:3373393-037

As agency relationships become more complex, a backstop for human behavior becomes necessary, and the claim that smart contract agency relationships run exactly as coded with no possibility of agent opportunism is less likely to hold in complex agency relationships.

Source quote, verbatim
As agency relationships become more complex, a backstop for human behavior in agency relationships becomes necessary.
From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), IV. Open Issues, p. 24
https://ssrn.com/abstract=3373393 · source PDF

Cite as

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393

Holds when
Classification

failuresupport: arguedfailure: code-only-governance-in-complex-relationshipsfamily: agency-cost-and-managerial-opportunismsmart-contracts

Related claims
Verify

The quote above is an exact substring of the source PDF, whose sha256 is 4d1424b9ba9aff8a61bc7a0dddd02cded93785e5843685dde76c07dcdb23961e. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/0ea367e7884df188...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3373393-037.md | sha256sum