kaal:claim:2957645-004

The existing regulatory infrastructure, resting on stable and presumptively optimal rules, is largely incapable of addressing the unknown future contingencies associated with disruptive innovation.

Finally, the existing regulatory infrastructure, with stable and presumptively optimal rules, is largely incapable of addressing the unknown future contingencies associated with disruptive innovation.

Kaal, Dynamic Regulation via Contingent Capital (2017), I. Introduction, p. 6
https://ssrn.com/abstract=2957645 · source PDF

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

• regulation confronting disruptive innovation
• reliance on stable and presumptively optimal rules

failuresupport: arguedfailure: Stable rules cannot absorb unknown future contingenciesfamily: rule-obsolescence-and-ossificationinnovationdynamic-regulation

• restates kaal:claim:2831040-010 An existing regulatory infrastructure built on stable and presumptively optimal rules is largely incapable of ...
• extends kaal:claim:2808132-003 In an environment of exponential disruptive innovation, the information rulemakers need is less likely to mate...
• extends kaal:claim:2740477-017 The existing regulatory infrastructure, including Congress, agencies, self regulatory bodies, and the regulati...
• extends kaal:claim:2831040-008 Rulemakers rely almost exclusively on stable and presumptively optimal rules meant to be permanent solutions, ...
• restates kaal:claim:2834531-005 The time frame for rulemaking in the existing regulatory infrastructure is largely inadequate to address the r...

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