# kaal:claim:2834531-030

**Claim.** In a world where regulatory competition is the new normal, regulators can pay a heavy economic price for being overly cautious or for abandoning the attempt to establish a meaningful basis for regulation, because first mover markets capture the benefits.

**Type.** mechanism  **Support.** argued

**Holds when.**

- global markets with mobile investment and jurisdictional competition

**Source quote.**

> regulators can pay a heavy economic price for being overly cautious or abandoning the project of trying to establish a meaningful basis for regulation.

**From.** Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, *Regulation Tomorrow What Happens When Technology Is Faster Than the Law* (2017), B. A Post-Fact Society?, page 24

**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.** economics, law-and-legal-systems

**Keywords.** regulatory-competition, first-mover-advantage, precautionary-principle, jurisdictional-choice

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