kaal:claim:2831040-037

Consumer choice adds a dynamic element to rulemaking because once consumers opt out of a suboptimal regulatory regime, public rulemakers in that jurisdiction can adjust their rulemaking in response, creating a feedback effect for the public rulemaker.

Consumer choice can add a dynamic element to the rulemaking process because public rulemakers in a given jurisdiction can adjust rulemaking to consumer choice once consumers have opted out of a suboptimal regulatory regime in that jurisdiction.

Wulf A. Kaal, Dynamic Regulation for Innovation (2016), IV.2 Optimizing Anticipatory Governance (footnote 8), p. 21
https://ssrn.com/abstract=2831040 · source PDF

Wulf A. Kaal, Dynamic Regulation for Innovation (2016). SSRN: https://ssrn.com/abstract=2831040

• jurisdictions where consumers can opt out of a regulatory regime

mechanismsupport: arguedeconomicsinstitutional-designlaw-and-legal-systems

• restates kaal:claim:2267560-030 Because competition between legislators requires public rulemakers to meet consumers' and legal addressees' qu...
• restates kaal:claim:2267560-031 Consumer opt-out from existing rules creates a feedback effect for the public rulemaker: when a critical mass ...
• extends kaal:claim:2267560-001 Dynamic regulation is an optimization process for the learning experience in the New Institutional Economics f...

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