The historically evolved rulemaking infrastructure could cope with its own collective action problems, regulatory cycles, and trial-and-error rulemaking without major disruption because the scope of regulatory issues was limited and institutional designs were consensus driven.
Source quote, verbatim
issues.80 Because of the limited scope of regulatory issues and the need for consensus- driven institutional designs, the historically evolved infrastructure for rulemaking could cope with its inherent collective action problems,81 regulatory cycles,82 and trial-and-error
From
Wulf A. Kaal, Erik P.M. Vermeulen, How to Regulate Disruptive Innovation - From Facts to Data (2016), III.2 Stable and Presumptively Optimal Rules, p. 19 https://ssrn.com/abstract=2808132 · source PDF
Cite as
Wulf A. Kaal, Erik P.M. Vermeulen, How to Regulate Disruptive Innovation - From Facts to Data (2016). SSRN: https://ssrn.com/abstract=2808132
Holds when
small, stable, less interconnected societies with limited upward mobility
limited and readily identifiable sets of regulatory issues
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