# kaal:claim:1998455-027

**Claim.** Where jurisdictions are not compelled to agree on the same rule, some jurisdiction will try a different rule, and will do so more quickly, when changed economic circumstances make a different rule optimal.

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

**Holds when.**

- where jurisdictions are not compelled to converge on a single rule
- where underlying economic circumstances change so that a different rule would be optimal

**Source quote.**

> diction will try a different rule, and will do so more quickly, than if all jurisdictions felt compelled to agree upon the same rule.

**From.** Wulf A. Kaal, *Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance* (2012), VI. Benefits of Experimentation, page 41

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

**Verify.** sha256 of source PDF `1c16ff10a284469ba15fb7ba5523449b917388ee692d9b394f9e8c094544e32c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202012%20-%20Initial%20Reflections%20on%20the%20Possible%20Application%20of%20Contingent%20Capital%20in%20Corporate%20Governance.pdf

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

**Keywords.** regulatory-competition, adaptive-regulation, jurisdictions, rule-revision, dynamic-regulation

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2029983-006
- extended_by: https://wulfkaal.github.io/claims/2273857-051

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