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Regulating Artificial Intelligence / Joao Guerreiro, Sergio Rebelo, Pedro Teles.
- Format:
- Book
- Author/Creator:
- Guerreiro, Joao.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31921.
- NBER working paper series no. w31921
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- We consider an environment in which there is substantial uncertainty about the potential adverse external effects of AI algorithms. We find that subjecting algorithm implementation to regulatory approval or mandating testing is insufficient to implement the social optimum. When testing costs are low, a combination of mandatory testing for external effects and making developers liable for the adverse external effects of their algorithms comes close to implementing the social optimum even when developers have limited liability.
- Notes:
- Print version record
- November 2023.
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