kaal:claim:1806252-006

Regulating entities that operate in the same markets under asymmetric rules creates legal uncertainty and significant transaction costs.

Asymmetric regulation of entities operating in the same markets creates legal uncertainty and significant transaction costs.

Kaal, Hedge Fund Regulation Via Basel III (2011), III.3 Impact Assessment of Asymmetric Regulation in Dodd-Frank and the AIFM Directive, p. 50
https://ssrn.com/abstract=1806252 · source PDF

Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252

• entities compete in the same markets

mechanismsupport: arguedfailure: asymmetric-regulation-costsfamily: otherlaw-and-legal-systemseconomics

• extends kaal:claim:1664809-023 Legal uncertainty generates transaction costs, and European company boards will inevitably incur costs minimiz...

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