Dynamic Regulation for Innovation
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2831040
Wulf A. Kaal
University of St. Thomas, Minnesota – School of Law; European Corporate Governance Institute (ECGI)
August 27, 2016
Perspectives in Law, Business & Innovation (Mark Fenwick, Wulf A. Kaal, Toshiyuki Kono & Erik P.M. Vermeulen eds.), New York Springer (2016)
Abstract:
A large consensus in the literature suggests that law has a diminishing capacity to react to innovation. After summarizing the commonalities between the law and technology literature and the literature on dynamic regulation in the analysis of the so-called pacing problem between regulation and innovation, the chapter evaluates proposed remedies for the pacing problem and distinguishes dynamic regulatory remedies.
Number of Pages in PDF File: 30
Keywords: Growth of Technology, Innovation, Regulation of Innovation, Pacing Problem, Dynamic Regulation, Feedback Effects, Optimized Information for Regulation, Anticipatory Regulation
JEL Classification: K20, K23, K32, L43, L5, O31, O32
Wulf Kaal 