{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/information-sufficiency",
 "identifier": "kaal:entity:information-sufficiency",
 "name": "Information sufficiency",
 "termCode": "information-sufficiency",
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 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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   "name": "status",
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   "value": 5
  },
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   "name": "year_span",
   "value": [
    "2013",
    "2014"
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2267560-041",
   "identifier": "kaal:claim:2267560-041",
   "text": "Contracting parties need to postpone the specification of obligations only if the feedback process in the dynamic framework did not generate sufficient information; where sufficient information is available, contractual incompleteness can be lowered.",
   "abstract": "Contracting parties in the incomplete contract model only postpone the specification of obligations if the feedback process in the dynamic framework did not generate sufficient information.",
   "citation": "Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560",
   "datePublished": "2013",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "sufficient information is generated by the feedback process"
   ],
   "source_pdf_sha256": "7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2267560-042",
   "identifier": "kaal:claim:2267560-042",
   "text": "Assessing the sufficiency of information by rulemakers alone can lead to suboptimal results because path dependencies may lead decision-makers to believe they control sufficient information for rulemaking when in fact they do not.",
   "abstract": "The sufficiency of information in this model, if assessed by rulemakers alone, could lead to suboptimal results. Path dependencies may lead decision-makers to believe they control sufficient information for rulemaking when they in fact do not.",
   "citation": "Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560",
   "datePublished": "2013",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "sufficiency of information assessed by rulemakers alone"
   ],
   "source_pdf_sha256": "7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2267560-047",
   "identifier": "kaal:claim:2267560-047",
   "text": "The broad scope for contractual incompleteness and delayed decision-making stipulated by the incomplete contract model are necessary only if the feedback effect did not produce sufficient information for rulemaking.",
   "abstract": "The broad scope for contractual incompleteness and delayed decision- making as stipulated by the incomplete contract model are necessary only if the feedback effect did not produce sufficient information for rulemaking.",
   "citation": "Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560",
   "datePublished": "2013",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "feedback effect fails to produce sufficient information"
   ],
   "source_pdf_sha256": "7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-007",
   "identifier": "kaal:claim:kaal-2014-dynamicregulationviagove-007",
   "text": "A core tenet of incomplete contract theory, that rulemakers should act only when sufficient information becomes available, is often politically, economically, and practically undesirable or impossible.",
   "abstract": "a core tenet of incomplete contract theory – rulemakers should act when sufficient information becomes available – is often political- ly, economically, and practically undesirable or impossible",
   "citation": "Kaal, Dynamic Regulation via Governmental Contracts (2014)",
   "datePublished": "2014",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [],
   "source_pdf_sha256": "7320aec036ccf2f6739f0854ea8749903e8902e77c2ec39543b64b358459c408",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-010",
   "identifier": "kaal:claim:kaal-2014-dynamicregulationviagove-010",
   "text": "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.",
   "abstract": "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.",
   "citation": "Kaal, Dynamic Regulation via Governmental Contracts (2014)",
   "datePublished": "2014",
   "claim_type": "failure",
   "confidence": "asserted",
   "is_failure_mode": true,
   "scope_conditions": [
    "stable rulemaking without feedback processes"
   ],
   "source_pdf_sha256": "7320aec036ccf2f6739f0854ea8749903e8902e77c2ec39543b64b358459c408",
   "status": "current"
  }
 ],
 "description": "5 claims in the published works of Wulf A. Kaal carry the concept tag 'information-sufficiency'. Derived node: a roster, not an adjudicated definition."
}