kaal:claim:3782217-026

A central authority is perfectly well incentivized to ignore minor problems that only partially eat into its profits, so long as it maintains ultimate control of those profits, which is why platform level abuses persist under centralized ownership.

Source quote, verbatim
A central authority is perfectly well incentivized to ignore minor problems which only partially eat into their profits, as long as they maintain ultimate control of profits.
From

Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021), News and education, p. 10
https://ssrn.com/abstract=3782217 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021). SSRN: https://ssrn.com/abstract=3782217

Holds when
Classification

mechanismsupport: arguedfailure: central-authority-neglectfamily: agency-cost-and-managerial-opportunismrisk-and-incentivesdecentralization

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