kaal:claim:6819121-014

Investment in invisible institutions is systematically underprovided relative to investment in visible institutions, even when the invisible institutions are more important to long-run resilience.

Source quote, verbatim

Investment in invisible institutions is therefore systematically underprovided relative to investment in visible institutions, even when the invisible institutions are more important to long-run resilience.

From

Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026), VI. Findings, Finding 1, p. 17
https://ssrn.com/abstract=6819121 · source PDF

Cite as

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

Holds when

institutional investment incentives under the visibility paradox

Classification

mechanismsupport: arguedinstitutional-designeconomicsrisk-and-incentives

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