kaal:claim:1998455-026

Harmonization and coordination can facilitate experimentation and learning, but experimentation is most effective when several different approaches are tried simultaneously in different jurisdictions.

Harmonization and coordination can help facilitate experimentation and a learning process, but experimentation is probably most effective when several different approaches can be tried simultaneously in dif- ferent jurisdictions.

Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012), VI. Benefits of Experimentation, p. 40
https://ssrn.com/abstract=1998455 · source PDF

Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455

• where multiple jurisdictions are free to adopt divergent rules

designsupport: arguedeconomicslaw-and-legal-systemsinstitutional-design

• restated_by kaal:claim:2273857-051 Experimentation with different combinations of regulatory approaches is effective when several different appro...
• supported_by kaal:claim:2029983-006 Jurisdictional competition adapts legal rules to changed economic circumstances faster than harmonization does...

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