Regulation for Innovativeness or Regulation of Innovation?
31 Pages Posted: 26 Mar 2015
Date Written: March 2015
Whilst there is widespread agreement in policy circles that fostering innovation should be a priority, there is far less consensus on what this entails and how to achieve this objective. This lack of consensus is echoed in the academic literature on innovation. In this paper, we seek to reconcile two lines of literature with which lawyers are most familiar: the law and economics (broadly defined) and law and technology literature streams seem to exist in parallel and largely non-intersecting inter-disciplinary silos, which prevent the cross-fertilization of insights between them and the realization of synergies. This paper is a modest attempt to connect these silos and to identify how these two streams could complement each other. Synergies between these literature streams would contribute to a more comprehensive and multi-faceted understanding of the complex relationship between law and innovation that is a pre-requisite for effective political and regulatory decision making in relation to innovation.
Keywords: Innovation, technology, regulation, law
JEL Classification: O30, O31, O33
Suggested Citation: Suggested Citation