Anticipatory dynamic elements in regulation reduce the need for costly and suboptimal ex post trial and error experimentation with stable and presumptively optimal rules.
Source quote, verbatim
Anticipatory dynamic elements in regulation can help minimize costly and suboptimal ex-post trial-and-error experimentation with stable and presump- tively optimal rules.
From
Kaal, Dynamic Regulation via Governmental Contracts (2014), I. Introduction, p. 7 · source PDF
Cite as
Kaal, Dynamic Regulation via Governmental Contracts (2014)
Holds when
dynamic elements are integrated into the existing rulemaking framework
Classification
mechanismsupport: argueddynamic-regulation
Related claims
restated_bykaal:claim:2957645-012 Anticipatory regulation, which uses institution-specific and timely information together with feedback effects...
restateskaal:claim:2267560-051 The combination of multiple feedback processes results in a sequence of mutually-reinforcing, information-enha...
supported_bykaal:claim:2740477-001 Ex post trial and error rulemaking built on stable and presumptively optimal rules produces suboptimal regulat...
supported_bykaal:claim:2808132-002 Ex post facts-based, trial-and-error rulemaking combined with stable and presumptively optimal rules often pro...
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