kaal:claim:2740477-032

The existing framework for optimal rules is self reinforcing: it perpetuates rulemaking processes that produce more optimal rules requiring costly revision, updating, and revocation, so suboptimal rules and suboptimal processes reproduce each other.

The existing regulatory framework for optimal rules reinforces rulemaking processes that perpetuate optimal rules, necessitating costly rule revision, updating, and revocation.

Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016), V. Dynamic Regulation as a Regulatory Supplement, p. 25
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

failuresupport: arguedfailure: Self reinforcing suboptimal rulemaking loopfamily: rule-obsolescence-and-ossificationinstitutional-designregulatory-failure

• restates kaal:claim:kaal-2014-dynamicregulationviagove-013 The existing framework of stable and presumptively optimal rules is self reinforcing: it perpetuates rulemakin...
• extends kaal:claim:2267560-010 Even institutional arrangements that produce optimal governance solutions generate solutions that become subop...
• restated_by kaal:claim:2831040-036 Rules operate as a feedback effect on the rulemaking process itself: rules with suboptimal characteristics res...
• restates kaal:claim:2267560-009 Rules with suboptimal characteristics are themselves the product of institutional arrangements and reinforce t...
• restates kaal:claim:2267560-011 Rules that lack adaptability to future states of the world reinforce the very institutions and processes that ...

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