kaal:claim:3441904-011

Inexpensive open source smart contracts eliminate a major motivation for creating a firm under Coase's transaction cost theory, because they enable trustworthy transactions of any size with minimal transaction cost and high transaction security.

Inexpensive open-source smart contracts eliminate a major motivation for creating a firm under Ronald Coase's transaction cost theory.

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), II.3 The Theory of the Firm Revisited, p. 11
https://ssrn.com/abstract=3441904 · source PDF

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

• transactions that can be executed through smart contracts

mechanismsupport: arguedeconomicssmart-contracts

• extends kaal:claim:3249860-004 Decentralized solutions can challenge the basic assumptions of the theory of the firm, because the role of the...

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• Qualification: The 'Dark Side' of Smart Contracts: A Contract Theory Perspective
• Extension: Universal Basic Income in a Blockchain-Based Community Currency
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