{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/public-choice",
 "identifier": "kaal:entity:public-choice",
 "name": "Public choice",
 "termCode": "public-choice",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/public-choice.md",
 "sha256": "2dc074ac3415c3f1a135482e836442632d263f565b381e30db476fa8a7a45ce8",
 "additionalProperty": [
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   "@type": "PropertyValue",
   "name": "status",
   "value": "derived"
  },
  {
   "@type": "PropertyValue",
   "name": "claim_count",
   "value": 2
  },
  {
   "@type": "PropertyValue",
   "name": "work_count",
   "value": 2
  },
  {
   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2013",
    "2024"
   ]
  },
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   "name": "non_current_claims",
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  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2273857-019",
   "identifier": "kaal:claim:2273857-019",
   "text": "The bounded rationality of public rulemakers aggravates shock conditions during rulemaking, because rulemakers satisfy their own constituencies rather than all affected parties and are therefore more willing to act on incomplete information.",
   "abstract": "The bounded rationality of public rulemakers—who are satisfying their respective constituencies rather than all affected parties and, therefore, may be more willing to act in an environment of incomplete information—can aggravate shock conditions during the rulemaking process.",
   "citation": "Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857",
   "datePublished": "2013",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "public rulemakers accountable to particular constituencies"
   ],
   "source_pdf_sha256": "e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4957318-011",
   "identifier": "kaal:claim:4957318-011",
   "text": "Sunset provisions likely increase rents extracted by interest groups and entrench current majoritarian preferences, and they can create planning problems for both public and private actors.",
   "abstract": "rather than genuine policy improvement. Sunset provisions also likely increase rents from interest groups, entrench current majoritarian preferences, which can at times produce planning conundrums for public and private actors.",
   "citation": "Wulf A. Kaal, The Future of Law - Dynamic Web3 Governance (2024). SSRN: https://ssrn.com/abstract=4957318",
   "datePublished": "2024",
   "claim_type": "failure",
   "confidence": "evidenced",
   "is_failure_mode": true,
   "scope_conditions": [
    "politically salient statutes subject to periodic renewal"
   ],
   "source_pdf_sha256": "137fb77eb82111a85f0ab5581926f762a7414ae84aaf3d56e8299db670e0e0c1",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'public-choice'. Derived node: a roster, not an adjudicated definition."
}