# kaal:claim:2957645-002

**Claim.** Facts-based, ex-post, trial-and-error rulemaking cannot anticipate the regulatory issues created by innovation, so rulemakers may not realize, or may realize far too late, what new regulatory demands a given innovation generates.

**Type.** failure  **Support.** argued

**Holds when.**

- regulation of innovative products and markets
- existing regulatory framework built on stable rules

**Source quote.**

> First, because facts-based, ex-post, trial-and-error rulemaking cannot anticipate regulatory issues created by innovation, rulemakers may not realize—or may realize much too late—what new regulatory demands apply to a given innovation and its associated regulatory issue.

**From.** Kaal, *Dynamic Regulation via Contingent Capital* (2017), I. Introduction, page 5

**Cite as.** Kaal, Dynamic Regulation via Contingent Capital (2017). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957645

**Verify.** sha256 of source PDF `250b10782a5ea5dece9235a7f711aee408feaf36f2e78e310d589b5ee6304be2` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Dynamic%20Regulation%20via%20Contingent%20Capital.pdf

**Failure mode.** Ex-post trial-and-error rulemaking cannot anticipate innovation  (family: regulatory-lag)

**Topics.** dynamic-regulation, innovation

**Keywords.** trial-and-error-rulemaking, disruptive-innovation, regulatory-lag, dynamic-regulation

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2808132-017
- restates: https://wulfkaal.github.io/claims/2831040-007
- extends: https://wulfkaal.github.io/claims/2740477-001
- restates: https://wulfkaal.github.io/claims/2808132-002

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