Systemic factors widen the divergence between regulation and innovation, including the political and ideological structures of the rulemaking process and the political gridlock of a two party system that impedes the passing of legislation.
Source quote, verbatim
Such factors include the political and ideological structures in the rulemaking process, the political gridlock in a two-party system that impedes the passing of legislation
Wulf A. Kaal, Dynamic Regulation for Innovation (2016). SSRN: https://ssrn.com/abstract=2831040
Holds when
two party legislative systems
Classification
mechanismsupport: arguedfailure: political gridlock in rulemakingfamily: regulatory-laginstitutional-design
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