Harmonization and coordination can facilitate experimentation and learning, but experimentation is most effective when several different approaches are tried simultaneously in different jurisdictions.
Source quote, verbatim
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.
From
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
Cite as
Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455
Holds when
where multiple jurisdictions are free to adopt divergent rules
restated_bykaal:claim:2273857-051 Experimentation with different combinations of regulatory approaches is effective when several different appro...
supported_bykaal:claim:2029983-006 Jurisdictional competition adapts legal rules to changed economic circumstances faster than harmonization does...
Verify
The quote above is an exact substring of the source PDF, whose sha256 is 1c16ff10a284469ba15fb7ba5523449b917388ee692d9b394f9e8c094544e32c. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/5451b2b0f7bbe995...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/1998455-026.md | sha256sum