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2010

Law and Economics

Vanderbilt Law School Faculty Publications

Technological innovations

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The Regulation Of Inchoate Technologies, Daniel J. Gervais Jan 2010

The Regulation Of Inchoate Technologies, Daniel J. Gervais

Vanderbilt Law School Faculty Publications

In this Essay, I explain why and how certain technologies I refer to as "inchoate" defeat regulatory interventions. I examine the "law" of unintended consequences and the role of regulatory ideologies. I suggest that traditional policymaking models, when applied to inchoate technologies, do not adequately reflect the risk of regulatory failure, which is proportional to the level of inchoateness of the technology. I also consider whether the regulation of inchoate technologies should take into account that, and may in fact be undesirable because, some technologies (or the use thereof) tend to self-regulate. Finally, I suggest lessons that can be drawn …