kaal:claim:2267560-049

Because dynamic regulation supplies information ex-ante via a feedback process before rules are finalized, certainty for involved parties is not affected ex-post after rules become effective, so contractual incompleteness is lowered while certainty in rulemaking is maintained.

Because the information is provided ex-ante via a feedback process, the certainty for all involved parties is not affected ex-post after rules became effective.

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

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560

mechanismsupport: arguedlaw-and-legal-systemsdynamic-regulation

• restated_by kaal:claim:2831040-034 Dynamic regulatory tools lower unforeseen contingencies in innovation related rulemaking because their feedbac...

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