kaal:claim:6819121-007

Arrow's theorem, the Folk Theorems, and Incomplete Contract Theory together constitute a proof that rule stability is institutionally self-defeating, so the framework builds a system that governs its own evolution rather than aspiring to a stable rule set.

Together, the three results constitute a proof that rule stability is institutionally self-defeating. The framework's response is to build a system that governs its own evolution rather than a system that aspires to a stable rule set that the three theorems show cannot exist.

Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026), II. Theoretical Framework, p. 6
https://ssrn.com/abstract=6819121 · source PDF

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

• the Calcaterra-Kaal institutional framework

mechanismsupport: arguedinstitutional-designgovernance-designdecentralization

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