Regulation tomorrow: Strategies for regulating new technologies

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen

Research output: Chapter in Book/Report/Conference proceedingChapter

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 languageEnglish
Title of host publicationPerspectives in Law, Business and Innovation
PublisherSpringer
Pages153-174
Number of pages22
DOIs
Publication statusPublished - Jan 1 2018

Publication series

NamePerspectives in Law, Business and Innovation
ISSN (Print)2520-1875
ISSN (Electronic)2520-1883

Fingerprint

new technology
regulation
technical innovation
Innovation
innovation
Law
market
Industry
New business
Disruptive technology
Status quo
Technological innovation

All Science Journal Classification (ASJC) codes

  • Law
  • Management of Technology and Innovation

Cite this

Fenwick, M., Kaal, W. A., & Vermeulen, E. P. M. (2018). Regulation tomorrow: Strategies for regulating new technologies. In Perspectives in Law, Business and Innovation (pp. 153-174). (Perspectives in Law, Business and Innovation). Springer. https://doi.org/10.1007/978-981-13-1080-5_6

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 proceedingChapter

Fenwick, M, Kaal, WA & Vermeulen, EPM 2018, Regulation tomorrow: Strategies for regulating new technologies. in Perspectives in Law, Business and Innovation. Perspectives in Law, Business and Innovation, Springer, pp. 153-174. https://doi.org/10.1007/978-981-13-1080-5_6
Fenwick M, Kaal WA, Vermeulen EPM. Regulation tomorrow: Strategies for regulating new technologies. In Perspectives in Law, Business and Innovation. Springer. 2018. p. 153-174. (Perspectives in Law, Business and Innovation). https://doi.org/10.1007/978-981-13-1080-5_6
Fenwick, Mark ; Kaal, Wulf A. ; Vermeulen, Erik P.M. / Regulation tomorrow : Strategies for regulating new technologies. Perspectives in Law, Business and Innovation. Springer, 2018. pp. 153-174 (Perspectives in Law, Business and Innovation).
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