# kaal:claim:6819121-006

**Claim.** The institutional response to contract incompleteness cannot be to write more complete contracts, because that path is closed by the theorem; governance institutions must fill specification gaps as they emerge.

**Type.** mechanism  **Support.** argued

**Holds when.**

- Incomplete Contract Theory applied to smart-contract governance

**Source quote.**

> The institutional response cannot be to write more complete contracts, because that path is closed by the theorem. The response has to be to build governance institutions that can fill the specification gaps as they emerge.

**From.** Wulf A. Kaal, *The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis* (2026), II. Theoretical Framework, page 8

**Cite as.** Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121

**Verify.** sha256 of source PDF `f04b274f926d23848e77b429a13227baed9858b90fec826ddaabd2acca7035fe` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202026%20-%20The%20Institutional%20Deficit%20in%20Decentralized%20Autonomous%20Organizations%20-%20An%20Empirical%20Analysis.pdf

**Topics.** smart-contracts, institutional-design, governance-design

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