# Public choice

`kaal:entity:public-choice`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `public-choice`. 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, 2013 to 2024.

**2013**

- [2273857-019](https://wulfkaal.github.io/claims/2273857-019) [mechanism/argued] -- 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.
  > 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.
  Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

**2024**

- [4957318-011](https://wulfkaal.github.io/claims/4957318-011) [failure/evidenced] *(failure mode)* -- 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.
  > 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.
  Wulf A. Kaal, The Future of Law - Dynamic Web3 Governance (2024). SSRN: https://ssrn.com/abstract=4957318

## 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/public-choice.md | sha256sum

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