kaal:claim:2267560-048

The feedback process in dynamic regulation may be viewed as a focal point or principle for rulemaking, enabling rulemakers to provide for contingencies ex-ante and to adopt rules that are applicable and adaptable to future states of the world.

Source quote, verbatim

Dynamic regulation as a focal point or principle enables rulemakers to adapt to contingencies if and when they arise because the feedback effect provides relevant, timely, decentralized, and institution-specific information for rulemaking.

From

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), IV.2 Organizational Culture, p. 13
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

designsupport: arguedinstitutional-designdynamic-regulation

Related claims

restated_by kaal:claim:2808132-032 Through feedback effects, rulemakers in a dynamic regulatory framework can adopt rules that are adaptable to f...

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