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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/innovation-incentives",
 "identifier": "kaal:entity:innovation-incentives",
 "name": "Innovation incentives",
 "termCode": "innovation-incentives",
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  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2959730-027",
   "identifier": "kaal:claim:2959730-027",
   "text": "The threshold for change for bigger fund managers is dictated by the implementation cost of the new technologies.",
   "abstract": "The threshold for change for bigger managers may be dictated by the implementation cost of such new technologies.",
   "citation": "Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730",
   "datePublished": "2017",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "large private equity and hedge fund advisers",
    "adoption follows once long term benefits exceed implementation cost"
   ],
   "source_pdf_sha256": "ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2998033-026",
   "identifier": "kaal:claim:2998033-026",
   "text": "Large managers will begin adopting blockchain and related technologies only once the long term benefits exceed implementation cost, and because implementation cost is much higher for large managers than for the small managers now experimenting, adoption is delayed at the top of the industry.",
   "abstract": "If and when the long-term benefits of using the technologies exceed the implementation cost, which are much larger for larger managers than for the smaller managers who are currently experimenting with such technologies, larger managers are incentivized to start the innovation process as well.",
   "citation": "Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033",
   "datePublished": "2017",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "assumes implementation cost scales with manager size"
   ],
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 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'innovation-incentives'. Derived node: a roster, not an adjudicated definition."
}