# kaal:claim:2267560-047

**Claim.** The broad scope for contractual incompleteness and delayed decision-making stipulated by the incomplete contract model are necessary only if the feedback effect did not produce sufficient information for rulemaking.

**Type.** condition  **Support.** argued

**Holds when.**

- feedback effect fails to produce sufficient information

**Source quote.**

> The broad scope for contractual incompleteness and delayed decision- making as stipulated by the incomplete contract model are necessary only if the feedback effect did not produce sufficient information for rulemaking.

**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, feedback-effects, information-sufficiency, dynamic-regulation

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-007

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