kaal:claim:2267560-015

Under dynamic regulation a presumption of reform feasibility is unnecessary because the feedback effect makes ad-hoc decisions obsolete, curtailing centralized planning and minimizing unintended actions.

A presumption of reform feasibility for a given regulatory environment is unnecessary because the feedback effect in dynamic regulation makes ad-hoc decisions obsolete.

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), II.3 Dynamic Regulation as Piecemeal Social Engineering, p. 6
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: argueddynamic-regulationinstitutional-designdecentralization

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