kaal:claim:2273857-018

The shock conditions that trigger calls for rulemaking have typically not been analyzed or absorbed systematically, so rulemaking under those conditions is associated with high levels of incomplete information.

Source quote, verbatim

Shock conditions that call for rulemaking often have not been appropriately analyzed and absorbed in a systematic fashion and are, thus, often associated with high levels of incomplete information.

From

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), II. The Political Economy of Financial Regulation, p. 11
https://ssrn.com/abstract=2273857 · source PDF

Cite as

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

Holds when

rulemaking triggered by an unabsorbed shock

Classification

mechanismsupport: argueddynamic-regulationeconomics

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