# Product innovation

`kaal:entity:product-innovation`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `product-innovation`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 2 works, 2016 to 2016.

**2016**

- [2811729-020](https://wulfkaal.github.io/claims/2811729-020) [mechanism/argued] -- In the unprecedented low interest rate environment prevailing since 2005, investment managers responded to retail investors reaching for yield by offering unconstrained mutual funds, a product that authorizes absolute return strategies in the fixed income world.
  > First, in the unprecedented low interest rate environment that has prevailed since 2005, investment managers have responded to retail investors "reaching for yield" by offering a product (UMFs) that authorizes absolute return strategies in the fixed income world.
  Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729
- [2831040-009](https://wulfkaal.github.io/claims/2831040-009) [failure/argued] *(failure mode)* -- Formal rulemaking in the existing regulatory infrastructure is almost always too time consuming, because product innovation moves fast enough that regulations covering an innovative product are obsolete before they are finalized.
  > Formal rulemaking in the existing regulatory infrastructure is almost always too time-consuming (Sunstein 1999, McGarity 1992) because the speed of product innovation often makes regulations pertaining to an innovative product obsolete before such regulations are finalized
  Wulf A. Kaal, Dynamic Regulation for Innovation (2016). SSRN: https://ssrn.com/abstract=2831040

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/product-innovation.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.