kaal:claim:2740477-010

Incumbent firms facing the competitive disadvantage created by disruptive entrants respond by using the existing regulatory process itself to build obstacles to competition, which converts rulemaking into an instrument of incumbent protection.

To counteract such disadvantages, incumbent firms that are exposed to a perceived threat of disruptive innovation from disruptive firms may attempt to use the existing regulatory process to create obstacles for disruptive firms to compete.

Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016), IV. Disruptive Innovation as a Regulatory Challenge, p. 18
https://ssrn.com/abstract=2740477 · source PDF

Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016). SSRN: https://ssrn.com/abstract=2740477

• incumbents perceive a threat from disruptive firms
• incumbents remain subject to rules the entrants avoid

mechanismsupport: arguedfailure: Incumbent weaponization of the regulatory processfamily: regulatory-capture-and-incumbent-advantageregulatory-failureinnovation

• restated_by kaal:claim:2808132-011 Incumbent firms facing a perceived threat from disruptive innovation may respond by using the existing regulat...

The quote above is an exact substring of the source PDF, whose sha256 is c72871b76fa2ad5a8a69ee8d3defc8f64e624be9052ce763e79cf6c58883f726. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/84c891575e418740...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2740477-010.md | sha256sum