kaal:claim:2267560-046

Dynamic regulation helps rulemakers anticipate how institutions will react to circumstances as they arise, because the feedback process provides decentralized, timely, and institution-specific information, allowing rules to be adjusted ex-ante in anticipation of future contingencies.

Source quote, verbatim
Dynamic regulation helps rulemakers anticipate how institutions will react to circumstances as they arise because the feedback process provides decentralized, timely, and institution-specific information for rulemaking. Rules are adjusted ex-ante in anticipation of future contingencies.
From

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), IV.2 Organizational Culture, p. 12
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: arguedinstitutional-designdynamic-regulation

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