kaal:claim:3949098-018

Meaningful reputation in a business network removes the need for monitoring cost and lowers transaction costs by orders of magnitude.

Reputation removes the need for monitoring cost. It lowers transaction costs in orders of magnitude.

Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021), II. Basic Concept, 3. Risk Optimization, p. 12
https://ssrn.com/abstract=3949098 · source PDF

Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098

• meaningful reputation exists in the business network

mechanismsupport: assertedcomplianceeconomicsreputationai-and-agentscorporate-governance

• extends kaal:claim:3249860-005 DAOs can replace the coordination and monitoring functions supplied by the firm, because they can measure each...

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• Extension: Token-based blockchain financing and governance: A transaction cost economics approach
• Extension: Token-based blockchain financing and governance: A transaction cost economics approach