kaal:claim:2808132-034

A core problem for most regulation is its inaccurate and delayed timing, which follows from the collective action problem of regulation, path dependencies, and political inertia rather than from any single institutional defect.

Dynamic elements in rulemaking can help optimize the timing of rule enactment. A core problem for most regulation is its inaccurate and delayed timing. Because of the collective action problem of regulation, path dependencies, and political inertia, among

Wulf A. Kaal, Erik P.M. Vermeulen, How to Regulate Disruptive Innovation - From Facts to Data (2016), IV. Dynamic Regulation as a Regulatory Supplement, p. 24
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

• most regulation in the existing framework
• regulation that follows business cycles rather than preceding crises

mechanismsupport: arguedfailure: Inaccurate and delayed regulatory timingfamily: regulatory-laginstitutional-designregulatory-failure

• restates kaal:claim:2740477-030 Regulation is mostly reactive and follows business cycles rather than preempting crises, because of the collec...
• extends kaal:claim:2273857-053 The core problem for financial regulation is timing: governance improvements are not enacted before crises whe...
• extends kaal:claim:2267560-037 A classic collective action problem controls rulemaking: smaller and better organized special interest groups ...

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