kaal:claim:2273857-026

The cyclical nature of public rulemaking under incomplete information and bounded rationality is costly and produces suboptimal regulatory outcomes with long-term implications for financial markets and the economy.

The cyclical nature of public rulemaking under conditions of incomplete information and bounded rationality is costly and can produce suboptimal regulatory outcomes, often with long-term implications for financial markets and the economy.

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), II.2 Regulatory Sine Curve, p. 15
https://ssrn.com/abstract=2273857 · source PDF

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

• rulemaking conducted cyclically under incomplete information

failuresupport: arguedfailure: cyclical rulemaking costfamily: rule-obsolescence-and-ossificationrisk-and-incentivesregulatory-failure

• restates kaal:claim:2267560-005 Rulemaking conducted under conditions of incomplete information and bounded rationality produces suboptimal ou...
• extended_by kaal:claim:kaal-2014-dynamicregulationviagove-003 Rulemaking in a dynamic framework postpones the enactment of rules until rulemakers hold sufficient relevant a...

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