# kaal:claim:2273857-020

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

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

**Source quote.**

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

**From.** Wulf A. Kaal, *Dynamic Regulation of the Financial Services Industry* (2013), II. The Political Economy of Financial Regulation, page 12

**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.** institutional-design, economics

**Keywords.** collective-action-problem, regulatory-oversight, political-economy, regulatory-cycles

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-004
- extended_by: https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-008
- extends: https://wulfkaal.github.io/claims/1998455-025
- extended_by: https://wulfkaal.github.io/claims/2740477-030

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.