# kaal:claim:2267560-025

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

**Type.** mechanism  **Support.** argued

**Source quote.**

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

**From.** Wulf A. Kaal, *Evolution of Law Dynamic Regulation in a New Institutional Economics Framework* (2013), III.2 Private vs. Public Rulemaking, page 9

**Cite as.** Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560

**Verify.** sha256 of source PDF `7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Evolution%20of%20Law%20Dynamic%20Regulation%20in%20a%20New%20Institutional%20Economics%20Framework.pdf

**Failure mode.** public rulemaker information deficit  (family: information-asymmetry)

**Topics.** dynamic-regulation, decentralization

**Keywords.** public-rulemaking, stable-rules, information-deficit, decentralized-information

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-011
- extended_by: https://wulfkaal.github.io/claims/2831040-035
- restated_by: https://wulfkaal.github.io/claims/2808132-018
- extended_by: https://wulfkaal.github.io/claims/2740477-031
- extended_by: https://wulfkaal.github.io/claims/2831040-008
- generalizes: https://wulfkaal.github.io/claims/3441904-029
- extended_by: https://wulfkaal.github.io/claims/2808132-019

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.