kaal:claim:2267560-010

Even institutional arrangements that produce optimal governance solutions generate solutions that become suboptimal over time, necessitating rule revision, updating, and revocation.

Even if institutional arrangements produce optimal governance solutions, these solutions can become suboptimal over time, necessitating rule revision, updating, and revocation.

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), II.2 Feedback Effects, p. 5
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

• passage of time and changing circumstances

failuresupport: assertedfailure: decay of optimal governance solutions over timefamily: rule-obsolescence-and-ossificationinstitutional-design

• extended_by kaal:claim:kaal-2014-dynamicregulationviagove-013 The existing framework of stable and presumptively optimal rules is self reinforcing: it perpetuates rulemakin...
• extended_by kaal:claim:2740477-032 The existing framework for optimal rules is self reinforcing: it perpetuates rulemaking processes that produce...

The quote above is an exact substring of the source PDF, whose sha256 is 7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/540ccb152dca2bfa...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2267560-010.md | sha256sum