kaal:claim:2267560-025

Public rulemakers rely on stable and presumptively optimal rules because they lack necessary, comparable, decentralized, and institution-specific information.

Public rulemakers rely on stable and presumptively optimal rules because they lack necessary, comparable, de-centralized, and institution-specific information.

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), III.2 Private vs. Public Rulemaking, p. 9
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: arguedfailure: public rulemaker information deficitfamily: information-asymmetrydynamic-regulationdecentralization

• extended_by kaal:claim:kaal-2014-dynamicregulationviagove-011 Private rulemakers hold a comparative informational advantage over public rulemakers because they can produce ...
• extended_by kaal:claim:2831040-035 Private rulemakers hold a comparative advantage over public rulemakers because they often can produce and acce...
• restated_by kaal:claim:2808132-018 Stable and presumptively optimal rules are created to address regulatory issues that lawmakers perceive throug...
• extended_by kaal:claim:2740477-031 Private rulemakers hold a comparative advantage over public rulemakers because, unlike their public counterpar...
• extended_by kaal:claim:2831040-008 Rulemakers rely almost exclusively on stable and presumptively optimal rules meant to be permanent solutions, ...
• generalizes kaal:claim:3441904-029 Facts based, ex post, trial and error rulemaking with stable and presumptively optimal rules is incompatible w...
• extended_by kaal:claim:2808132-019 Because rulemakers are increasingly unlikely to be able to protect the public through stable and presumptively...

The quote above is an exact substring of the source PDF, whose sha256 is 7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/cd103fa7289bc13f...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2267560-025.md | sha256sum