Summary: Regulation can be a significant barrier to innovation, protecting incumbents and making it harder to bring new goods and services to market. Determining the appropriate regulation is all the more difficult when accelerating technology is creating many new opportunities as well as potential dangers. Can the administrative state itself innovate to promote beneficial innovation? Topics to be considered here will be the nature and scope of cost-benefit analysis, the use of experiments to guide regulation and prizes as an alternative to top-down regulation. This program was presented on February 20, 2015, as part of the 2015 Federalist Society National Student Symposium. -- Featuring: Prof. William Baude, University of Chicago Law School; Mr. Jon Dudas, Senior Associate to the President, University of Arizona and former Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office; Mr. Steve Lehotsky, Deputy Chief Counsel for Litigation, U.S. Chamber Litigation Center; and Prof. Jennifer Nou, University of Chicago Law School. Moderator: Hon. Stephen Markman, Michigan Supreme Court. Introduction: Ms. Kathryn Bi, President, University of Chicago Law School Federalist Society.
