kaal:claim:2740477-022

Because it lacks anticipatory rulemaking capability, the existing regulatory system addresses issues only ex post, and only once they have materialized and burdened core constituents enough to generate political pressure on lawmakers.

Because it lacks anticipatory rulemaking capabilities, the existing regulatory system addresses regulatory issues only ex-post, if and when they materialize and if core constituents are sufficiently burdened to precipitate enough political pressure for lawmakers to act.

Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016), IV.4. Unknown Future Contingencies, p. 22
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

• issues must materialize and burden core constituents before action

failuresupport: arguedfailure: Political pressure trigger requirementfamily: regulatory-lagregulatory-failure

• restated_by kaal:claim:2808132-024 Because it lacks anticipatory capabilities, the existing regulatory system only addresses regulatory issues ex...

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