# kaal:claim:kaal-2014-dynamicregulationviagove-009

**Claim.** 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.

**Type.** failure  **Support.** evidenced

**Holds when.**

- current framework of stable and presumptively optimal rules

**Source quote.**

> 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.

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

**Cite as.** Kaal, Dynamic Regulation via Governmental Contracts (2014)

**Verify.** sha256 of source PDF `7320aec036ccf2f6739f0854ea8749903e8902e77c2ec39543b64b358459c408` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202014%20-%20Dynamic%20Regulation%20via%20Governmental%20Contracts.pdf

**Failure mode.** costly and ineffective ex post experimentation  (family: rule-obsolescence-and-ossification)

**Topics.** economics, systemic-risk, risk-and-incentives

**Keywords.** transaction-costs, rule-revision, financial-crises, systemic-risk

**Related claims.**

- extends: https://wulfkaal.github.io/claims/2267560-035
- restates: https://wulfkaal.github.io/claims/2273857-010

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