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