kaal:claim:2834531-006

The speed of product innovation allows a new product to reach the market while formal rulemaking, which takes months and often years of procedure, is still occupied with 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.

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017), III. THE FACTUAL BASIS OF MODERN REGULATION, p. 12
https://ssrn.com/abstract=2834531 · source PDF

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531

• formal rulemaking in the existing regulatory infrastructure

failuresupport: arguedfailure: regulator chases the last productfamily: regulatory-lagdynamic-regulationinnovation

• restates kaal:claim:2740477-020 Formal rulemaking is simply too time consuming for disruptive innovation: the speed of product innovation lets...
• restates kaal:claim:2808132-023 Because formal rulemaking takes months and often years, regulators are still processing the previous product l...
• restates kaal:claim:2831040-009 Formal rulemaking in the existing regulatory infrastructure is almost always too time consuming, because produ...
• restates kaal:claim:2808132-022 Formal rulemaking is simply too time-consuming for an environment of disruptive innovation; the speed of produ...

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