kaal:claim:2273857-020

Financial regulation is characterized and controlled by a classic collective action problem, and as a consequence regulatory oversight is never constant.

Financial regulation is characterized and controlled by a classic collective action problem. As a result, regulatory oversight is never constant.

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), II. The Political Economy of Financial Regulation, p. 12
https://ssrn.com/abstract=2273857 · source PDF

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

mechanismsupport: arguedinstitutional-designeconomics

• extended_by kaal:claim:kaal-2014-dynamicregulationviagove-004 Dynamic elements function as an economizing device: they address the scarcity of regulatory resources and lowe...
• extended_by kaal:claim:kaal-2014-dynamicregulationviagove-008 Because rulemaking is subject to regulatory cycles and to a classic collective action problem, rules are gener...
• extends kaal:claim:1998455-025 The political economy of financial regulation ensures that the expansion of regulatory oversight induced by Do...
• extended_by kaal:claim:2740477-030 Regulation is mostly reactive and follows business cycles rather than preempting crises, because of the collec...

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