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  "name": "Wulf A. Kaal",
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2834531-014",
   "identifier": "kaal:claim:2834531-014",
   "text": "Regulators too often define success negatively, as the avoidance of catastrophe, which makes regulatory experimentation unattractive to them.",
   "abstract": "Too often, regulators define \"success\" in negative terms, as in the avoidance of catastrophe.",
   "citation": "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",
   "datePublished": "2017",
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2834531-015",
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   "text": "Because regulators seek to avoid grounds for criticism, they inevitably adopt an overly cautious posture, which is what the precautionary principle amounts to in practice.",
   "abstract": "Avoiding grounds for criticism inevitably results in an overly cautious approach, called the \"precautionary principle.\"",
   "citation": "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",
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   "text": "Regulatory caution produces a systematic disconnect between the regulation of an innovation and the commercial and consumer ability to access it.",
   "abstract": "The result is that, all too often, there is a disconnect between regulation and commercial and consumer access to that innovation.",
   "citation": "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",
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   "text": "Faced with disruptive innovation, regulators believe their only options are reckless action, meaning regulation without sufficient facts, or paralysis, meaning doing nothing; in that bind caution beats risk and the precautionary principle becomes the default.",
   "abstract": "Regulators can find themselves in a situation where they believe they must opt for either reckless action (regulation without sufficient facts) or paralysis (doing nothing). Inevitably in such a case, caution tends to trump risk. The precautionary principle becomes the default position.",
   "citation": "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",
   "datePublished": "2017",
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   "text": "Regulatory caution is not neutral: it functions to reinforce the status quo, with the result that new technologies struggle to reach the market in a timely or efficient manner.",
   "abstract": "But such caution merely functions to reinforce the status quo and the result is that new technologies struggle to reach the market in a timely or efficient manner.",
   "citation": "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",
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   "text": "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.",
   "abstract": "regulators can pay a heavy economic price for being overly cautious or abandoning the project of trying to establish a meaningful basis for regulation.",
   "citation": "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",
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 "description": "6 claims in the published works of Wulf A. Kaal carry the concept tag 'precautionary-principle'. Derived node: a roster, not an adjudicated definition."
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