kaal:claim:2808132-027

The current process of rule revisions, amendments, and repeals used to correct the inevitable shortcomings of stable rules is costly and time-consuming, and in the authors' estimation it cannot keep track of future innovations and their corresponding regulatory needs.

important for rulemaking. The current process of rule revisions, amendments, and repeals to address inevitable shortcomings of stable rules is costly, time-consuming, and cannot, in our estimation, keep track of future innovations and corresponding regulatory needs.

Wulf A. Kaal, Erik P.M. Vermeulen, How to Regulate Disruptive Innovation - From Facts to Data (2016), III.4 Unknown Future Contingencies, p. 21
https://ssrn.com/abstract=2808132 · source PDF

Wulf A. Kaal, Erik P.M. Vermeulen, How to Regulate Disruptive Innovation - From Facts to Data (2016). SSRN: https://ssrn.com/abstract=2808132

• existing regulatory framework relying on ex post rule revision
• accelerating pace of innovation

failuresupport: arguedfailure: Revision treadmillfamily: rule-obsolescence-and-ossificationregulatory-failureinnovation

• restates kaal:claim:2740477-025 The current process of rule revisions, amendments, and repeals used to fix the inevitable shortcomings of stab...

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