# kaal:claim:2834531-019

**Claim.** A fact based approach to regulation worked relatively well only under a specific historical condition: innovation cycles were long and disruption unfolded over decades, giving regulators time to get their facts in order before intervening.

**Type.** condition  **Support.** argued

**Holds when.**

- past eras of slow technological disruption

**Source quote.**

> In spite of these problems, a fact–based approach to regulation may have worked relatively well in the past when innovation cycles were longer and the pace of disruptive innovation occurred over decades.

**From.** Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, *Regulation Tomorrow What Happens When Technology Is Faster Than the Law* (2017), A. Facts Today, page 16

**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

**Verify.** sha256 of source PDF `9cd875ebdb0266febbdcdabfca5b9b9f0de1b7ad9e3d5a8a5971bdbe469323b7` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202017%20-%20Regulation%20Tomorrow%20What%20Happens%20When%20Technology%20Is%20Faster%20Than%20the%20Law.pdf

**Topics.** innovation

**Keywords.** fact-based-regulation, innovation-cycles, regulatory-timing, historical-comparison

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