Editing Talk:DAO (section)

===Coase Theorem===
The [https://en.wikipedia.org/wiki/Coase_theorem Coase Theorem] illustrates how the Pareto optimal outcome for economic allocations of properties is obstructed by transaction costs given an arbitrarily chosen initial allocation. Automated smart contracts on open decentralized platforms give the possibility of making transaction costs much lower on a global scale of trade, which means property allocations become much closer to optimal as the system runs.
[[User:Craig Calcaterra|Craig Calcaterra]] ([[User talk:Craig Calcaterra|talk]]) 22:40, 9 April 2023 (CDT)