kaal:claim:2831040-003

Regulators face a two ended timing trap: at the early stage of an innovation they lack information about its possible impact, and at the later stage the innovation is entrenched, so regulatory change becomes far more costly for innovating corporations.

Entrenched innovation during a later stage of a product cycle also creates issues for regulation because it becomes much more costly to implement regulatory changes for innovating corporations

Wulf A. Kaal, Dynamic Regulation for Innovation (2016), II. Law's Diminishing Capacity to React to Innovation, p. 8
https://ssrn.com/abstract=2831040 · source PDF

Wulf A. Kaal, Dynamic Regulation for Innovation (2016). SSRN: https://ssrn.com/abstract=2831040

• disruptive innovation across a product cycle

failuresupport: arguedfailure: Collingridge dilemmafamily: regulatory-lagdisclosure

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