kaal:claim:2740477-020

Formal rulemaking is simply too time consuming for disruptive innovation: the speed of product innovation lets a new product reach the market while a rulemaking that takes months or years is still processing the previous product launch.

The speed of product innovation makes it possible to bring a new product to market while formal rulemaking in the existing regulatory infrastructure, taking months and often years of regulatory procedure, is still dealing with the last product launch.

Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016), IV.3. Timing, p. 21
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

• formal rulemaking in the existing regulatory infrastructure
• high speed of product innovation

failuresupport: arguedfailure: Rulemaking one product cycle behindfamily: regulatory-lagdynamic-regulationsystemic-risk

• restated_by kaal:claim:2808132-022 Formal rulemaking is simply too time-consuming for an environment of disruptive innovation; the speed of produ...
• restated_by kaal:claim:2834531-006 The speed of product innovation allows a new product to reach the market while formal rulemaking, which takes ...
• extended_by kaal:claim:2808132-023 Because formal rulemaking takes months and often years, regulators are still processing the previous product l...
• restated_by kaal:claim:2957645-003 Formal rulemaking in the existing regulatory infrastructure is too time consuming, and the speed of product in...

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