kaal:claim:2267560-016

Because feedback effects increase the availability of relevant, decentralized, and timely information, rulemakers can predict unforeseen contingencies and adjust their actions ex-ante to avoid complex reforms and unwanted consequences.

Because the feedback effects in dynamic regulation allow rulemakers to increase the availability of relevant, decentralized, and timely information for rulemaking, rulemakers can predict unforeseen contingencies and adjust their actions ex-ante to avoid complex reforms.

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), II.3 Dynamic Regulation as Piecemeal Social Engineering, p. 7
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: arguedinstitutional-design

• restated_by kaal:claim:2808132-033 Dynamic regulatory tools lower unforeseen contingencies in rulemaking because the feedback effect supplies rel...
• restated_by kaal:claim:2740477-029 Dynamic regulatory tools let rulemakers adapt to regulatory contingencies as they arise, because feedback effe...
• restated_by kaal:claim:2957645-011 Feedback effects change the timing of regulatory information: instead of acquiring necessary information only ...
• restated_by kaal:claim:2808132-031 Unrestricted exchange of information between public and private rulemakers creates regulatory synergies that i...
• generalizes kaal:claim:3441904-034 Feedback effects in decentralized systems raise the availability of relevant information for governance rules ...

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