# kaal:claim:2267560-045

**Claim.** Dynamic regulation takes issue with the broad scope of contractual incompleteness and delayed decision-making assumed by the incomplete contract model, contesting the view that such incompleteness and delay are always necessary.

**Type.** normative  **Support.** argued

**Source quote.**

> By expanding Kreps's model of organizational culture and applying it to the rulemaking process, dynamic regulation also takes issue with the broad scope of contractual incompleteness and delayed decision-making in the incomplete contract model.

**From.** Wulf A. Kaal, *Evolution of Law Dynamic Regulation in a New Institutional Economics Framework* (2013), IV.2 Organizational Culture, page 12

**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.** institutional-design, dynamic-regulation

**Keywords.** incomplete-contracts, organizational-culture, dynamic-regulation, delayed-decision-making

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