Models of Law and Regulation for AI
31 Pages Posted: 8 Oct 2020 Last revised: 6 Jan 2021
Date Written: October 1, 2020
This paper discusses models of law and regulation of Artificial Intelligence (“AI”). The discussion focuses on four models: the black letter model, the emergent model, the ethical model, and the risk regulation model. All four models currently inform, individually or jointly, integrally or partially, consciously or unconsciously, law and regulatory reform towards AI. We describe each model’s strengths and weaknesses, discuss whether technological evolution deserves to be accompanied by existing or new laws, and propose a fifth model based on externalities with a moral twist.
Keywords: Models of Law; Artificial Intelligence; Robotics; Regulation; Ethics; Risk Regulation; Externalities
JEL Classification: K00; K1; K10; K4; K40; K3; K30
Suggested Citation: Suggested Citation