kaal:claim:2267560-031

Consumer opt-out from existing rules creates a feedback effect for the public rulemaker: when a critical mass of opt-outs signals that a different rule may be optimal, it triggers a modification of the rulemaker's next action.

Source quote, verbatim

The consumer opt-out of existing rules creates a feedback effect for the public rulemaker and triggers a modification of the public rulemaker's next action in 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

Holds when

a critical mass of consumer opt-outs occurs

Classification

mechanismsupport: arguedinstitutional-designdynamic-regulation

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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