kaal:claim:kaal-2014-dynamicregulationviagove-010

In the current model of stable rulemaking, path dependencies lead rulemakers to act on a boundedly rational assumption that they already control sufficient information for rulemaking.

Source quote, verbatim

In the current model of stable rulemaking, path dependencies may lead rulemakers to act based on a bound- edly rational assumption of control over sufficient information for rulemak- ing.

From

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

Cite as

Kaal, Dynamic Regulation via Governmental Contracts (2014)

Holds when

stable rulemaking without feedback processes

Classification

failuresupport: assertedfailure: false confidence in information sufficiencyfamily: regulatory-lagrisk-and-incentivesdynamic-regulation

Related claims

restates kaal:claim:2267560-042 Assessing the sufficiency of information by rulemakers alone can lead to suboptimal results because path depen...
restates kaal:claim:2273857-019 The bounded rationality of public rulemakers aggravates shock conditions during rulemaking, because rulemakers...

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