Document Type
Article
Publication Date
12-2021
Abstract
New technologies bring with them many promises, but also a series of new problems. Even though these problems are new, they are not unlike the types of problems that regulators have long addressed in other contexts. The lessons from regulation in the past can thus guide regulatory efforts today. Regulators must focus on understanding the problems they seek to address and the causal pathways that lead to these problems. Then they must undertake efforts to shape the behavior of those in industry so that private sector managers focus on their technologies’ problems and take actions to interrupt the causal pathways. This means that regulatory organizations need to strengthen their own technological capacities; however, they need most of all to build their human capital. Successful regulation of technological innovation rests with top quality people who possess the background and skills needed to understand new technologies and their problems.
Keywords
artificial intelligence, Regulation, technology, innovation, digital economy, new tech, fintech, regtech, computers, machine learning, algorithms, antitrust, competition, liability, administrative law, public administration, business, strategy
Repository Citation
Coglianese, Cary, "Regulating New Tech: Problems, Pathways, and People" (2021). All Faculty Scholarship. 2753.
https://scholarship.law.upenn.edu/faculty_scholarship/2753
Included in
Administrative Law Commons, Antitrust and Trade Regulation Commons, Artificial Intelligence and Robotics Commons, Communication Technology and New Media Commons, Health Law and Policy Commons, Policy Design, Analysis, and Evaluation Commons, Public Law and Legal Theory Commons, Science and Technology Law Commons, Science and Technology Policy Commons, Science and Technology Studies Commons, Technology and Innovation Commons
Publication Citation
TechREG Chronicle, Issue 1, http://www.competitionpolicyinternational.com/