New Products and Services: Analysis of Regulations Shaping New Markets

New products and services are the driving force of a dynamic and persperous economy. Besides the direct public promotion of new products and services, e.g. by public funding for research and innovation activities, framework conditions are crucial for the success of new products and services in the market. In contrast to direct support measures, this report focuses on regulations shaping new markets as indirect, but crucial framework conditions, which have often far reaching and ambivalent impacts and are therefore an important topic for policy makers, e.g. as discussed at the World Economic Forum 2004 in Davos. The study "New Products and Services. Analysis of Regulations Shaping New Markets" aims to to reduce the lack of adequate, reliable and systematic knowledge on the relation between regulation, including deregulation, on the one hand and the emergence of new markets on the other. On that basis, the aim is to develop suggestions for a regulatory framework which allows the emergence of new markets, and even to use regulation systematically as an instrument to foster innovation.