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.
Source quote, verbatim
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.
From
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
Cite as
Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016). SSRN: https://ssrn.com/abstract=2740477
Holds when
rulemaking uses institution specific, decentralized, and timely information
restated_bykaal:claim:2808132-029 Adaptive rulemaking helps overcome the collective action problem of rulemaking because when there are fewer st...
extendskaal:claim:2267560-037 A classic collective action problem controls rulemaking: smaller and better organized special interest groups ...
extendskaal:claim:2273857-021 In the competition to shape financial policy through rulemaking, small and well organized special interest gro...
extendskaal:claim:2273857-053 The core problem for financial regulation is timing: governance improvements are not enacted before crises whe...
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