kaal:claim:2957645-012

Anticipatory regulation, which uses institution-specific and timely information together with feedback effects to create new rules, can minimize costly and suboptimal ex-post trial-and-error experimentation with stable and presumptively optimal rules.

Anticipatory regulation uses institution-specific, timely information and feedback effects to create new rules.24 Anticipatory dynamic regulation can help minimize costly and suboptimal ex-post, trial-and-error experimentation with stable and presumptively optimal rules.25

Kaal, Dynamic Regulation via Contingent Capital (2017), II. Dynamic Regulation, p. 10
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

• institution-specific and timely information is actually available to rulemakers

mechanismsupport: arguedinstitutional-designdynamic-regulation

• restates kaal:claim:kaal-2014-dynamicregulationviagove-002 Anticipatory dynamic elements in regulation reduce the need for costly and suboptimal ex post trial and error ...
• restates kaal:claim:2267560-051 The combination of multiple feedback processes results in a sequence of mutually-reinforcing, information-enha...
• extends kaal:claim:2740477-001 Ex post trial and error rulemaking built on stable and presumptively optimal rules produces suboptimal regulat...
• extends kaal:claim:2267560-006 Trial-and-error rulemaking is suboptimal because participating actors acquire the necessary information ex-pos...
• generalizes kaal:claim:3441904-029 Facts based, ex post, trial and error rulemaking with stable and presumptively optimal rules is incompatible w...
• extends kaal:claim:2267560-046 Dynamic regulation helps rulemakers anticipate how institutions will react to circumstances as they arise, bec...

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