# kaal:claim:7322599-005

**Claim.** The dominance result formalizes a position maintained across eight years of the author's scholarship: reputation, the standing value of a relationship, is the accountability substrate, and collateral is not.

**Type.** methodological  **Support.** argued

**Holds when.**

- Proposition 1 as the operational envelope; the cited papers did not derive the inequality

**Source quote.**

> It is also the formalization of a position the author’s scholarship has maintained for eight years: that reputation, the standing value of a relationship, is the accountability substrate, and collateral is not (Calcaterra, Kaal, and Andrei 2018; Kaal 2019, 2021, 2024, 2026). Proposition 1 is this paper’s operational envelope for that position; it does not claim that the cited papers derived the inequality.

**From.** Wulf A. Kaal, *Refundable Stake Does Not Expand Deterrent Capacity in Long-Lived Delegation: Collateral, Premia, and Pseudonymous Markets* (2026), 1 Introduction, page 3

**Cite as.** Wulf A. Kaal, Refundable Stake Does Not Expand Deterrent Capacity in Long-Lived Delegation: Collateral, Premia, and Pseudonymous Markets (2026). SSRN: https://ssrn.com/abstract=7322599

**Verify.** sha256 of source PDF `130ee4e65fb79a9f3a96f6df22408b40c2de76e9ec8fc2bd1c68f0f6a7104333` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202026%20-%20Refundable%20Stake%20Does%20Not%20Expand%20Deterrent%20Capacity%20in%20Long-Lived%20Delegation%20Collateral%2C%20Premia%2C%20and%20Pseudonymous%20Markets.pdf

**Topics.** reputation, citation-and-knowledge, research-methods

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