Rules can be adaptable only if the institutions and rulemaking processes that produce them integrate dynamic elements that generate timely, relevant, and decentralized information for rulemaking.
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Rules can be adaptable if institutions and rulemaking processes integrate dynamic elements that produce timely, relevant, and decentralized information for rulemaking.
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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
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Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560
generalizeskaal:claim:2957645-026 Contingent capital securities optimize information for rulemaking because, when issued and triggered, they pro...
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