kaal:claim:3782220-017

Demand for insurance and reputation policing runs counter to prosperity: when the system runs well and everyone profits there is less need for insurance, and when profits fall and competition intensifies cheating becomes more attractive and more policing is needed.

Source quote, verbatim

If the system is running well and everyone is profiting, there is less need for insurance. When the profits decrease and the system becomes more competitive, cheating becomes more attractive, and more insurance and reputation policing is needed.

From

Craig Calcaterra, Wulf A. Kaal, The Importance of Transcendental Unifying Values for Decentralization (2021), Integrating polar values, p. 5
https://ssrn.com/abstract=3782220 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, The Importance of Transcendental Unifying Values for Decentralization (2021). SSRN: https://ssrn.com/abstract=3782220

Holds when

competitive market conditions

Classification

mechanismsupport: arguedreputationeconomics

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