Technology Speed Limits
Andrew Koh and
Sivakorn Sanguanmoo
Papers from arXiv.org
Abstract:
We study optimal technology regulation when private learning occurs both through doing (scaling up the technology) and through waiting (as time passes). We show that an adaptive speed limit -- a cap on the rate at which the technology can increase per-unit time -- delivers optimal worst-case guarantees over all learning processes and/or preferences, and is the only time-consistent mechanism that does so.
Date: 2026-05
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2606.01424
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