Today’s online economy relies on exchanges of data for services. Online service providers collect personal data to earn revenue from targeted advertising. Many users of online services are concerned that their data might be used in ways contrary to their interests, interfering with their...

In recent years, “regulatory sandboxes” have gained a great deal of attention from policymakers, regulators, and regulatory scholars. Regulatory sandboxes are closed testing environments in which specific firms are able to experiment with new and innovative business models or products with...

The US Federal Reserve System (Fed) is famous for its organizational complexity. Overlooked in debates about the costs and benefits of this complexity for the Fed's legitimacy, independence, and accountability is the congressional vision of what the Fed should be. The central bank is governed by...

Technological innovation is a fundamental driver of economic growth and human progress. Yet some critics want to deny the vast benefits that innovation has bestowed and continues to bestow on mankind. To inform policy discussions and address the technology critics' concerns, this paper...

Performance standards are typically viewed as a preferable regulatory approach to design standards. Presidential administrations and offices have consistently instructed regulatory agencies to favor performance standards when feasible. Nevertheless, research shows that in many instances,...

An emerging trend in financial services is banks' increasingly common refusal to do business with industries for political reasons rather than for traditional business justifications. Banks' refusals are often explained by a desire to make a difference or send a message. While this desire may...

In this paper we introduce RegData Australia (RDAU1.0) and present some preliminary and comparative findings using this new panel. RDAU1.0 applies the RegData method to create a unique Australian database that extends from 1997 to 2012. RegData uses text analysis to quantify restrictive clauses...

Commercial drone industry advocates have asserted for years that drone services will be limited in the United States so long as private landowners are legally entitled to exclude drones from the low airspace above their land. Sadly, the industry’s efforts to weaken airspace rights laws to make...