kaal:claim:2834531-014

Regulators too often define success negatively, as the avoidance of catastrophe, which makes regulatory experimentation unattractive to them.

Source quote, verbatim

Too often, regulators define "success" in negative terms, as in the avoidance of catastrophe.

From

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. 15
https://ssrn.com/abstract=2834531 · source PDF

Cite as

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

Holds when

where regulators are exposed to criticism for adverse outcomes

Classification

mechanismsupport: arguedfailure: success defined as catastrophe avoidancefamily: innovation-chillingrisk-and-incentives

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