# kaal:claim:1806252-006

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

**Type.** mechanism  **Support.** argued

**Holds when.**

- entities compete in the same markets

**Source quote.**

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

**From.** Kaal, *Hedge Fund Regulation Via Basel III* (2011), III.3 Impact Assessment of Asymmetric Regulation in Dodd-Frank and the AIFM Directive, page 50

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

**Verify.** sha256 of source PDF `3343ebfe05a925c3d1a75625c4b351ccff515c50819a48d155804daacf01429d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202011%20-%20Hedge%20Fund%20Regulation%20Via%20Basel%20III.pdf

**Failure mode.** asymmetric-regulation-costs  (family: other)

**Topics.** law-and-legal-systems, economics

**Keywords.** asymmetric-regulation, legal-uncertainty, transaction-costs, cross-border-regulation

**Related claims.**

- extends: https://wulfkaal.github.io/claims/1664809-023

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.