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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/regulatory-incentives",
 "identifier": "kaal:entity:regulatory-incentives",
 "name": "Regulatory incentives",
 "termCode": "regulatory-incentives",
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 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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   "value": [
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/1998455-003",
   "identifier": "kaal:claim:1998455-003",
   "text": "Because governments prioritize the rescue of systemically important financial institutions over other entities, those institutions are incentivized to adopt similar risk profiles and to correlate their risks.",
   "abstract": "Government prioritization of SIFI bailouts could incentivize SIFIs to adopt similar risk profiles and correlate risks.",
   "citation": "Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455",
   "datePublished": "2012",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "where governments visibly prioritize SIFI bailouts because of systemic implications"
   ],
   "source_pdf_sha256": "1c16ff10a284469ba15fb7ba5523449b917388ee692d9b394f9e8c094544e32c",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2834531-014",
   "identifier": "kaal:claim:2834531-014",
   "text": "Regulators too often define success negatively, as the avoidance of catastrophe, which makes regulatory experimentation unattractive to them.",
   "abstract": "Too often, regulators define \"success\" in negative terms, as in the avoidance of catastrophe.",
   "citation": "Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531",
   "datePublished": "2017",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "where regulators are exposed to criticism for adverse outcomes"
   ],
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   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2834531-015",
   "identifier": "kaal:claim:2834531-015",
   "text": "Because regulators seek to avoid grounds for criticism, they inevitably adopt an overly cautious posture, which is what the precautionary principle amounts to in practice.",
   "abstract": "Avoiding grounds for criticism inevitably results in an overly cautious approach, called the \"precautionary principle.\"",
   "citation": "Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531",
   "datePublished": "2017",
   "claim_type": "mechanism",
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 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'regulatory-incentives'. Derived node: a roster, not an adjudicated definition."
}