Technological transition will be a permanent state in the age of disruptive innovation, so the uncertainty and inconsistency caused by rulemakers' inability to react in time is a standing condition rather than a transitional cost.
Source quote, verbatim
technological transition is likely going to be a permanent state in the age of disruptive innovation, which exacerbates the uncertainty and inconsistency created by rulemakers' inability to react timely and adequately to disruptive innovation.
From
Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016), IV. Disruptive Innovation as a Regulatory Challenge, p. 19 https://ssrn.com/abstract=2740477 · source PDF
Cite as
Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016). SSRN: https://ssrn.com/abstract=2740477
restated_bykaal:claim:2808132-014 Rulemakers' inability to address disruptive innovation will generate high levels of legal uncertainty and inco...
restated_bykaal:claim:2834531-009 Because technological transition is becoming a permanent state rather than an episode, rulemakers' inability t...
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