# kaal:claim:2740477-016

**Claim.** Ex post trial and error rulemaking requires as a precondition that information about optimized rule requirements becomes available, and in an age of exponential innovation that information may never materialize or may arrive too late for the method to work.

**Type.** condition  **Support.** argued

**Holds when.**

- exponential rates of innovation

**Source quote.**

> A prerequisite for ex-post trial-and- error rulemaking is thus the availability of the information on optimized rule requirements. In an age of exponential innovation, that information may not materialize at all or may not materialize in time for the trial-and-error rulemaking to be effective.

**From.** Wulf A. Kaal, Erik P.M. Vermeulen, *Venture Capital as Dynamic Regulation of Disruptive Innovation* (2016), IV.1. Ex Post Trial-and-Error Rulemaking, page 19

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

**Verify.** sha256 of source PDF `c72871b76fa2ad5a8a69ee8d3defc8f64e624be9052ce763e79cf6c58883f726` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Vermeulen%20-%202016%20-%20Venture%20Capital%20as%20Dynamic%20Regulation%20of%20Disruptive%20Innovation.pdf

**Failure mode.** Missing precondition for trial and error rulemaking  (family: regulatory-lag)

**Topics.** dynamic-regulation, regulatory-failure

**Keywords.** trial-and-error-rulemaking, information-prerequisite, regulatory-failure, dynamic-regulation

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2808132-002
- restated_by: https://wulfkaal.github.io/claims/2831040-007
- extends: https://wulfkaal.github.io/claims/2267560-006

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