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.

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

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

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

• complex agency relationships

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

• restated_by kaal:claim:3441904-028 The notion that smart contract agency relationships run exactly as coded with no possibility of agent opportun...

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