kaal:claim:3441904-034

Feedback effects in decentralized systems raise the availability of relevant information for governance rules ex ante and allow necessary revisions to be anticipated before rules emerge as suboptimal, rather than acquiring that information ex post.

Source quote, verbatim

Rather than acquiring the necessary information ex-post after rules have emerged as suboptimal, feedback effects help increase the availability of relevant information for governance rules ex-ante and anticipate necessary revisions before rules emerge as suboptimal.

From

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), IV.2 Benefits of Dynamic Decentralized Governance, p. 29
https://ssrn.com/abstract=3441904 · source PDF

Cite as

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

Holds when

dynamic decentralized governance frameworks with peer to peer information transfer

Classification

mechanismsupport: arguedinstitutional-designdynamic-regulation

Related claims

restates kaal:claim:kaal-2014-dynamicregulationviagove-014 Feedback effects allow the necessary information to be acquired ex ante and necessary revisions to be anticipa...
specializes kaal:claim:2957645-011 Feedback effects change the timing of regulatory information: instead of acquiring necessary information only ...
extends kaal:claim:2267560-006 Trial-and-error rulemaking is suboptimal because participating actors acquire the necessary information ex-pos...
specializes kaal:claim:2740477-029 Dynamic regulatory tools let rulemakers adapt to regulatory contingencies as they arise, because feedback effe...
specializes kaal:claim:2267560-016 Because feedback effects increase the availability of relevant, decentralized, and timely information, rulemak...

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