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Technology Speed Limits

Andrew Koh and Sivakorn Sanguanmoo

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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
New Economics Papers: this item is included in nep-des, nep-pay and nep-reg
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