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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2740477-040",
   "identifier": "kaal:claim:2740477-040",
   "text": "The notice and comment procedures of the SEC are too slow, and the SEC's outdated micromanagement of markets is itself slowing down venture capital.",
   "abstract": "SEC are too slow; moreover the micromanagement of the markets is overdone by the SEC and, being outdated, is slowing down vc.",
   "citation": "Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016). SSRN: https://ssrn.com/abstract=2740477",
   "datePublished": "2016",
   "claim_type": "failure",
   "confidence": "asserted",
   "is_failure_mode": true,
   "scope_conditions": [
    "United States securities regulation"
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2808132-015",
   "identifier": "kaal:claim:2808132-015",
   "text": "The current regulatory framework lacks any mechanism that anticipatorily informs rulemakers of beneficial innovative ideas, and because the rulemaking process prohibits ex parte communications and integrates cross-industry brainstorming poorly, the process may actually undermine innovation.",
   "abstract": "informs rulemakers of beneficial innovative ideas. In fact, the existing rulemaking process prohibits ex parte communications and insufficiently integrates brainstorming and ideas across industries, and therefore may actually undermine innovation.",
   "citation": "Wulf A. Kaal, Erik P.M. Vermeulen, How to Regulate Disruptive Innovation - From Facts to Data (2016). SSRN: https://ssrn.com/abstract=2808132",
   "datePublished": "2016",
   "claim_type": "failure",
   "confidence": "argued",
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2808132-051",
   "identifier": "kaal:claim:2808132-051",
   "text": "Existing regulatory processes are suboptimally equipped to address the challenges of exponential disruptive innovation, and the notice and comment procedures of the Administrative Procedure Act and the SEC illustrate the resulting suboptimal regulatory response rates.",
   "abstract": "This paper also shows that the existing regulatory processes are suboptimally equipped to address the challenges of exponential disruptive innovation. The notice and comment procedures of the APA131 and the SEC are only some of the examples illustrating the",
   "citation": "Wulf A. Kaal, Erik P.M. Vermeulen, How to Regulate Disruptive Innovation - From Facts to Data (2016). SSRN: https://ssrn.com/abstract=2808132",
   "datePublished": "2016",
   "claim_type": "failure",
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   "scope_conditions": [
    "notice and comment rulemaking under the APA and at the SEC",
    "regulatory challenges presented by venture-capital-backed companies"
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   "status": "current"
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2831040-005",
   "identifier": "kaal:claim:2831040-005",
   "text": "The most widely recognized drawbacks of traditional rulemaking under the Administrative Procedure Act are its lack of speed, its cumbersomeness, and the volume of litigation generated by its notice and comment procedures.",
   "abstract": "The most traditional and widely recognized drawbacks of the traditional rulemaking system under the Administrative Procedure Act (APA) include its lacking speed, cumbersomeness, and the quantity of litigation it generates via its notice and comment procedures",
   "citation": "Wulf A. Kaal, Dynamic Regulation for Innovation (2016). SSRN: https://ssrn.com/abstract=2831040",
   "datePublished": "2016",
   "claim_type": "failure",
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 "description": "4 claims in the published works of Wulf A. Kaal carry the concept tag 'notice-and-comment'. Derived node: a roster, not an adjudicated definition."
}