kaal:claim:2267560-011

Rules that lack adaptability to future states of the world reinforce the very institutions and processes that produce suboptimal outcomes.

Rules that lack adaptability to future states of the world reinforce institutions and processes that produce suboptimal outcomes.

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

failuresupport: assertedfailure: non-adaptable rules entrench suboptimal institutionsfamily: rule-obsolescence-and-ossificationinstitutional-design

• extended_by kaal:claim:2808132-032 Through feedback effects, rulemakers in a dynamic regulatory framework can adopt rules that are adaptable to f...
• restated_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/3fc64ca04e8e5d18...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2267560-011.md | sha256sum