Abstract
In an age of constant, complex and disruptive technological innovation, knowing what, when, and how to structure regulatory interventions has become much more difficult. Regulators can find themselves in a situation where they believe they must opt for either reckless action (regulation without sufficient facts) or paralysis (doing nothing). Inevitably in such a situation, caution tends to trump risk. But such caution merely functions to reinforce the status quo and the result is that new technologies may struggle to reach the market in a timely or efficient manner. The solution? Law-making and regulatory design needs to become more proactive, dynamic and responsive. So how can regulators actually achieve these goals? What can they do to promote innovation and offer better opportunities to people wanting to build a new business around a disruptive technology or simply enjoy the benefits of a disruptive new technology as a consumer? The chapter focuses on three possible strategies for ‘regulation tomorrow’.
| Original language | English |
|---|---|
| Title of host publication | Perspectives in Law, Business and Innovation |
| Publisher | Springer |
| Pages | 153-174 |
| Number of pages | 22 |
| DOIs | |
| Publication status | Published - Jan 1 2018 |
Publication series
| Name | Perspectives in Law, Business and Innovation |
|---|---|
| ISSN (Print) | 2520-1875 |
| ISSN (Electronic) | 2520-1883 |
Fingerprint
All Science Journal Classification (ASJC) codes
- Law
- Management of Technology and Innovation
Cite this
Regulation tomorrow : Strategies for regulating new technologies. / Fenwick, Mark; Kaal, Wulf A.; Vermeulen, Erik P.M.
Perspectives in Law, Business and Innovation. Springer, 2018. p. 153-174 (Perspectives in Law, Business and Innovation).Research output: Chapter in Book/Report/Conference proceeding › Chapter
}
TY - CHAP
T1 - Regulation tomorrow
T2 - Strategies for regulating new technologies
AU - Fenwick, Mark
AU - Kaal, Wulf A.
AU - Vermeulen, Erik P.M.
PY - 2018/1/1
Y1 - 2018/1/1
N2 - In an age of constant, complex and disruptive technological innovation, knowing what, when, and how to structure regulatory interventions has become much more difficult. Regulators can find themselves in a situation where they believe they must opt for either reckless action (regulation without sufficient facts) or paralysis (doing nothing). Inevitably in such a situation, caution tends to trump risk. But such caution merely functions to reinforce the status quo and the result is that new technologies may struggle to reach the market in a timely or efficient manner. The solution? Law-making and regulatory design needs to become more proactive, dynamic and responsive. So how can regulators actually achieve these goals? What can they do to promote innovation and offer better opportunities to people wanting to build a new business around a disruptive technology or simply enjoy the benefits of a disruptive new technology as a consumer? The chapter focuses on three possible strategies for ‘regulation tomorrow’.
AB - In an age of constant, complex and disruptive technological innovation, knowing what, when, and how to structure regulatory interventions has become much more difficult. Regulators can find themselves in a situation where they believe they must opt for either reckless action (regulation without sufficient facts) or paralysis (doing nothing). Inevitably in such a situation, caution tends to trump risk. But such caution merely functions to reinforce the status quo and the result is that new technologies may struggle to reach the market in a timely or efficient manner. The solution? Law-making and regulatory design needs to become more proactive, dynamic and responsive. So how can regulators actually achieve these goals? What can they do to promote innovation and offer better opportunities to people wanting to build a new business around a disruptive technology or simply enjoy the benefits of a disruptive new technology as a consumer? The chapter focuses on three possible strategies for ‘regulation tomorrow’.
UR - http://www.scopus.com/inward/record.url?scp=85075952673&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85075952673&partnerID=8YFLogxK
U2 - 10.1007/978-981-13-1080-5_6
DO - 10.1007/978-981-13-1080-5_6
M3 - Chapter
AN - SCOPUS:85075952673
T3 - Perspectives in Law, Business and Innovation
SP - 153
EP - 174
BT - Perspectives in Law, Business and Innovation
PB - Springer
ER -