kaal:claim:4957318-013

The possibility that a law will expire without guaranteed renewal creates a climate of uncertainty that discourages the investment and long term planning which depend on consistent regulatory frameworks.

Source quote, verbatim

threat of laws expiring at any moment without guarantee of renewal can create a climate of uncertainty, discouraging investment and planning that relies on consistent regulatory frameworks.

From

Wulf A. Kaal, The Future of Law - Dynamic Web3 Governance (2024), Sunset Provisions, Critique, p. 15
https://ssrn.com/abstract=4957318 · source PDF

Cite as

Wulf A. Kaal, The Future of Law - Dynamic Web3 Governance (2024). SSRN: https://ssrn.com/abstract=4957318

Holds when

capital intensive or long horizon business decisions
regulated markets where entry depends on rule stability

Classification

failuresupport: arguedfailure: expiration-uncertaintyfamily: innovation-chillingeconomics

Verify

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