Principles or Rules-based Regulation in the Face of Uncertainty – Does it Really Matter?
The public administrations prepare draft laws. New things always emerge that cannot be in advance framed in laws. One solution could be the principle-based approach on the local and national level that gives the most relevant principles-rules combinations in the face of complexity. The paper presents the ability to measure principles and rules: it establishes the “1:47 rule” or ratio between the principles and rules, and gives a model that embraces the principles-rules evaluation elements and their weights. By this method, decision-makers and norms' addresses could achieve decisions without the need for more and more detailed, but ineffective regulations.
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