kaal:claim:2740477-001

Ex post trial and error rulemaking built on stable and presumptively optimal rules produces suboptimal regulatory outcomes that are no longer sustainable once disruptive innovation grows exponentially.

The ex-post trial-and-error-rulemaking with stable and presumptively optimal rules7 in the existing regulatory framework8 often produces suboptimal regulatory outcomes that are no longer sustainable in an environment of exponential disruptive innovation.

Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016), I. Introduction, p. 5
https://ssrn.com/abstract=2740477 · source PDF

Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016). SSRN: https://ssrn.com/abstract=2740477

• environment of exponential disruptive innovation
• existing regulatory framework of stable rules

failuresupport: arguedfailure: Unsustainable ex post trial and error rulemakingfamily: rule-obsolescence-and-ossificationdynamic-regulationinnovationregulatory-failure

• restated_by kaal:claim:2808132-002 Ex post facts-based, trial-and-error rulemaking combined with stable and presumptively optimal rules often pro...
• extended_by kaal:claim:2957645-002 Facts-based, ex-post, trial-and-error rulemaking cannot anticipate the regulatory issues created by innovation...
• supports kaal:claim:kaal-2014-dynamicregulationviagove-002 Anticipatory dynamic elements in regulation reduce the need for costly and suboptimal ex post trial and error ...
• extended_by kaal:claim:2957645-012 Anticipatory regulation, which uses institution-specific and timely information together with feedback effects...
• generalizes kaal:claim:3441904-029 Facts based, ex post, trial and error rulemaking with stable and presumptively optimal rules is incompatible w...
• extended_by kaal:claim:2808132-028 The collective action problem of rulemaking, the problems of trial-and-error rulemaking, and the problems of r...

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