kaal:claim:3949098-018

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

Source quote, verbatim

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

From

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

Cite as

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

Holds when

meaningful reputation exists in the business network

Classification

mechanismsupport: assertedcomplianceeconomicsreputationai-and-agentscorporate-governance

Related claims

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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Attestation record: colloquium/attestations/267ab57debe827f9...json
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