kaal:claim:kaal-2013-acomparativeperspectiveo-029

The economic conditions and the corresponding requirements for optimal and stable rules are constantly evolving, so rules fixed at one moment lose their fit over time.

Source quote, verbatim

However, the economic conditions and the corresponding requirements for optimal and stable rules are constantly evolving.

From

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013), Dynamic Regulation, p. 10
· source PDF

Cite as

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)

Holds when

evolving market environments

Classification

mechanismsupport: arguedfailure: obsolescence of stable rules in evolving marketsfamily: rule-obsolescence-and-ossificationgovernance-designcorporate-governance

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