{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/incentive-structure",
 "identifier": "kaal:entity:incentive-structure",
 "name": "Incentive structure",
 "termCode": "incentive-structure",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/incentive-structure.md",
 "sha256": "395b853bba377163ea601805f87b2077a8d17b7e105a6042c4ffcb0195ff1e52",
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   "@type": "PropertyValue",
   "name": "status",
   "value": "derived"
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   "value": 3
  },
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   "@type": "PropertyValue",
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   "value": 3
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  {
   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2013",
    "2021"
   ]
  },
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   "value": 0
  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2273857-050",
   "identifier": "kaal:claim:2273857-050",
   "text": "The social and mental properties of decision makers in financial institutions, combined with the incentive structure of the respective institutional setup, determine a financial institution's adaptive capability.",
   "abstract": "Social and mental properties of decision makers in financial institutions together with the incentive structure in the respective institutional setups can help determine a financial institution's adaptive capability.",
   "citation": "Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857",
   "datePublished": "2013",
   "claim_type": "mechanism",
   "confidence": "asserted",
   "is_failure_mode": false,
   "scope_conditions": [],
   "source_pdf_sha256": "e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3067615-027",
   "identifier": "kaal:claim:3067615-027",
   "text": "Legacy businesses own their code and can sue competitors who copy it, whereas open source crypto start-ups rely only on licenses, and this weaker incentive structure makes ICO investments riskier.",
   "abstract": "While open-source crypto start-ups have licenses that help protect them from competitor companies who may be using their code for profit, legacy businesses that own their code and can sue competitors who copy such code which provides a different incentive structure and makes ICO investments riskier.",
   "citation": "Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615",
   "datePublished": "2017",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "open source crypto start-ups compared to legacy code-owning businesses"
   ],
   "source_pdf_sha256": "164ce15b9eb1e8847ebcb073f5b23a96b4974ad0308d77469a9455d4a1ebeb38",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782217-013",
   "identifier": "kaal:claim:3782217-013",
   "text": "Robust decentralized oracles do not yet exist despite well funded proposals, because decentralized oracles are themselves DAOs and therefore inherit the same missing incentive structure, governance processes, and history that all DAOs suffer from.",
   "abstract": "Put simply, decentralized oracles are DAOs, so they still lack the proper incentive structure and governance processes and history that all DAOs suffer from.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021). SSRN: https://ssrn.com/abstract=3782217",
   "datePublished": "2021",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "state of the technology at the time of writing"
   ],
   "source_pdf_sha256": "358779557d8e7dcd101720ca0fad90b9146d24f1c7c03909eb431fcf1fb7e103",
   "status": "current"
  }
 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'incentive-structure'. Derived node: a roster, not an adjudicated definition."
}