# kaal:claim:kaal-2013-acomparativeperspectiveo-029

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- evolving market environments

**Source quote.**

> 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, page 10

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

**Verify.** sha256 of source PDF `ac5c955fe01209c54c78c4575c0b8bf570e5f1259c3f855510697cf51a32e59a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20A%20Comparative%20Perspective%20on%20the%20Limitations%20of%20the%20Duty%20of%20Oversight%20%E2%80%93%20A%20Comment%20on%20Lisa%20Fairfax.pdf

**Failure mode.** obsolescence of stable rules in evolving markets  (family: rule-obsolescence-and-ossification)

**Topics.** governance-design, corporate-governance

**Keywords.** stable-rules, regulatory-adaptation, financial-regulation, corporate-governance

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.