In an impact certificate system the rules of the game are set by demand: altruists define what counts by deciding which minted certificates they are willing to pay for.
Source quote, verbatim
By deciding which certificates they are willing to pay for, altruists using the system define the rules of the 37 game.
Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567
Holds when
impact teams can mint and publicly declare ownership of certificates
Classification
mechanismsupport: arguedgovernance-design
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