entity · derived

Contracts

3 claims across 3 works, 2019–2021.

Derived node: assembled mechanically from the claims carrying contracts. A roster, not an adjudicated definition.

Every claim under this term

• 3373393-010 2019 mechanism: Residual loss arises because the cost of enforcing suboptimal contracts between principals and agents always exceeds the benefits of performing the contractual obligations.
• 3782205-029 2021 mechanism: Renegotiating contracts every time the currency's value changes is expensive and continually and randomly punishes at least one of the contracting parties.
• 3782216-027 2021 condition: A decentralized economy requires stable cryptocurrencies, because renegotiating contracts every time a currency's value changes is inefficient and continually punishes one of the parties.

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