kaal:claim:kaal-2014-dynamicregulationviagove-009

Experimentation with different rules under the current framework of stable rulemaking carries substantial costs of rule revision and enactment, and there is evidence that this framework does not protect against systemic shocks and financial crises.

The costs of rule revision, rule enactment, and exper- imentation in the current framework of stable rulemaking are substantial, especially because there is some evidence25 that the existing rulemaking framework does not protect against systemic shocks and financial crises.

Kaal, Dynamic Regulation via Governmental Contracts (2014), II.1 Learning Process to Improve Regulatory Information, p. 11
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Kaal, Dynamic Regulation via Governmental Contracts (2014)

• current framework of stable and presumptively optimal rules

failuresupport: evidencedfailure: costly and ineffective ex post experimentationfamily: rule-obsolescence-and-ossificationeconomicssystemic-riskrisk-and-incentives

• extends kaal:claim:2267560-035 The learning process in incomplete contract theory can be improved because experimentation with different rule...
• restates kaal:claim:2273857-010 A regulatory framework that relies exclusively on stable and presumptively optimal rules cannot adequately add...

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