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 "identifier": "kaal:entity:regulatory-theory",
 "name": "Regulatory theory",
 "termCode": "regulatory-theory",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2808132-016",
   "identifier": "kaal:claim:2808132-016",
   "text": "The ex post facts-based approach to rulemaking worked historically because the optimal requirements for rules only become clear once stable and presumptively optimal rules have already emerged as suboptimal; the availability of that information is therefore a prerequisite for rulemaking.",
   "abstract": "change. The ex-post facts-based approach to rulemaking has functioned in the existing regulatory framework because optimal requirements for rules do become clear when stable and presumptively optimal rules emerge as suboptimal. A prerequisite for",
   "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": "condition",
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   "is_failure_mode": false,
   "scope_conditions": [
    "historically stable economic and market environments",
    "rulemaking dependent on realized facts"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2811729-035",
   "identifier": "kaal:claim:2811729-035",
   "text": "The proliferation of unconstrained mutual funds has contributed to the confluence of mutual and private funds and weakened the traditional public/private distinction in federal securities regulation.",
   "abstract": "The proliferation of UMFs has contributed to the confluence of mutual and private funds, and weakened the traditional public/private distinction in federal securities regulation.",
   "citation": "Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729",
   "datePublished": "2016",
   "claim_type": "mechanism",
   "confidence": "argued",
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   "scope_conditions": [
    "United States federal securities regulation of pooled investment vehicles"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3405660-030",
   "identifier": "kaal:claim:3405660-030",
   "text": "Applying the Basel Framework to hedge fund regulation conforms to the requirements of incomplete contract theory, which supplies the theoretical justification for the indirect approach.",
   "abstract": "Applying the Basel Framework to hedge fund regulation is in conformity with the requirements of incomplete contract theory.",
   "citation": "Kaal, Indirect Regulation of Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3405660",
   "datePublished": "2019",
   "claim_type": "design",
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 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'regulatory-theory'. Derived node: a roster, not an adjudicated definition."
}