kaal:claim:2267560-030

Because competition between legislators requires public rulemakers to meet consumers' and legal addressees' quality expectations and preferences, it adds a dynamic and market-driven element with a feedback effect to the rulemaking process.

Source quote, verbatim

Because the competition between legislators requires public rulemakers to meet consumers' and legal addressees' quality expectations and preferences, the competition between legislators adds a dynamic and market-driven element with a feedback effect to the rulemaking process.

From

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

Cite as

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

Classification

mechanismsupport: arguedeconomicsinstitutional-design

Related claims

restated_by kaal:claim:2831040-037 Consumer choice adds a dynamic element to rulemaking because once consumers opt out of a suboptimal regulatory...

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