kaal:claim:2740477-028

Adaptive rulemaking reduces the collective action problem because with fewer stable rules, latent majority groups and dominant minority groups have fewer opportunities to influence a continuously and timely adapting rulemaking process.

Adaptive rulemaking helps overcome the collective action problem of rulemaking because with fewer stable rules latent majority groups and dominant minority groups have fewer opportunities to influence the continuously and timely adapting rulemaking process.

Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016), V. Dynamic Regulation as a Regulatory Supplement, p. 24
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

• rulemaking uses institution specific, decentralized, and timely information
• fewer stable rules

mechanismsupport: argueddynamic-regulationinstitutional-designregulatory-failure

• restated_by kaal:claim:2808132-029 Adaptive rulemaking helps overcome the collective action problem of rulemaking because when there are fewer st...
• extends kaal:claim:2267560-037 A classic collective action problem controls rulemaking: smaller and better organized special interest groups ...
• extends kaal:claim:2273857-021 In the competition to shape financial policy through rulemaking, small and well organized special interest gro...
• extends kaal:claim:2273857-053 The core problem for financial regulation is timing: governance improvements are not enacted before crises whe...

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