# kaal:claim:2267560-030

**Claim.** 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.

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

**Source quote.**

> 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, 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

**Topics.** economics, institutional-design

**Keywords.** regulatory-competition, consumer-choice, feedback-effects, market-driven-regulation

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2831040-037

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