# kaal:claim:2273857-018

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- rulemaking triggered by an unabsorbed shock

**Source quote.**

> 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, page 11

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

**Verify.** sha256 of source PDF `e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Dynamic%20Regulation%20of%20the%20Financial%20Services%20Industry.pdf

**Topics.** dynamic-regulation, economics

**Keywords.** incomplete-information, shock-conditions, rulemaking, political-economy

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