kaal:claim:2267560-007

The feedback effect between different public rulemakers and between private and public rulemakers reduces incomplete information, which in turn enables the rulemaker to modify the next action in the rulemaking process.

The feedback effect increases the availability of relevant information for rulemaking. At the same time, the reduction of incomplete information in the rulemaking process enables the rulemaker to modify the next action in the rulemaking process.

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), II.1 Dynamic Regulation in the NIE Framework, p. 4
https://ssrn.com/abstract=2267560 · source PDF

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560

mechanismsupport: arguedinstitutional-designdynamic-regulation

• restated_by kaal:claim:kaal-2014-dynamicregulationviagove-012 Interaction and exchange of emerging information between public and private rulemakers creates a feedback proc...
• restated_by kaal:claim:2808132-031 Unrestricted exchange of information between public and private rulemakers creates regulatory synergies that i...

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