{
  "@context": "https://schema.org",
  "@type": "Claim",
  "@id": "https://wulfkaal.github.io/claims/6819121-032",
  "identifier": "kaal:claim:6819121-032",
  "text": "Market discipline alone will not produce balanced institutional development, because it under-invests in the invisible institutional infrastructure that is most predictive of long-run resilience.",
  "author": {
    "@type": "Person",
    "name": "Wulf A. Kaal",
    "identifier": "https://orcid.org/0009-0008-7840-1847"
  },
  "citation": "Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121",
  "isBasedOn": {
    "@type": "ScholarlyArticle",
    "name": "The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis",
    "datePublished": "2026",
    "url": "https://ssrn.com/abstract=6819121",
    "sha256": "f04b274f926d23848e77b429a13227baed9858b90fec826ddaabd2acca7035fe",
    "encoding": "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"
  },
  "keywords": [
    "regulatory-failure",
    "institutional-design",
    "economics"
  ],
  "about": [],
  "abstract": "the visibility paradox implies that market discipline alone will not produce balanced institutional development. Market discipline produces under-investment in invisible institutional infrastructure, and the institutional infrastructure that is most predictive of long-run resilience is precisely the institutional infrastructure that is most underprovided.",
  "additionalProperty": [
    {
      "@type": "PropertyValue",
      "name": "claim_type",
      "value": "mechanism"
    },
    {
      "@type": "PropertyValue",
      "name": "confidence",
      "value": "argued"
    },
    {
      "@type": "PropertyValue",
      "name": "scope_conditions",
      "value": [
        "the public-goods argument applied to the DAO sector"
      ]
    },
    {
      "@type": "PropertyValue",
      "name": "is_failure_mode",
      "value": true
    },
    {
      "@type": "PropertyValue",
      "name": "edges",
      "value": []
    }
  ],
  "isPartOf": {
    "@id": "https://wulfkaal.github.io/claims/index.json"
  },
  "dateModified": "2026-08-20",
  "version": "1.0",
  "sha256": "49be2d323fe07197e164bdbaf6874f851be4cd33709566a7276b4531a74aa4f9",
  "canonicalForm": "https://wulfkaal.github.io/claims/6819121-032.md"
}