# kaal:claim:2267560-007

**Claim.** 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.

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

**Source quote.**

> 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.

**From.** Wulf A. Kaal, *Evolution of Law Dynamic Regulation in a New Institutional Economics Framework* (2013), II.1 Dynamic Regulation in the NIE Framework, page 4

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

**Verify.** sha256 of source PDF `7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Evolution%20of%20Law%20Dynamic%20Regulation%20in%20a%20New%20Institutional%20Economics%20Framework.pdf

**Topics.** institutional-design, dynamic-regulation

**Keywords.** feedback-effects, incomplete-information, public-rulemaking, dynamic-regulation

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-012
- restated_by: https://wulfkaal.github.io/claims/2808132-031

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