Community Research and Development Information Service - CORDIS


New Products and Services: Analysis of Regulations Shaping New Markets, Final Report

Funded under: FP6


New products and services are the driving force of a dynamic and prosperous 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, we focus in this report 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 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, we aim 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.
The final report contains six parts. After the introduction, a conceptual framework of the various relationships between regulation and innovation is presented by analysing the various, often ambivalent impacts of these regulations on innovation.
Then, we present an overview of regulatory systems shaping new markets, including a new taxonomy of product market regulations. Fourth, the views of stakeholders, especially companies, on the impact of the regulatory framework on innovation are presented. Fifth, the main results of three in-depth case studies covering the pharmaceutical, the food and the environmental sector are outlined. In addition, examples of standards responsible for the development of new markets are presented. We conclude with an outlook of future regulatory policies taking the innovation dimension explicitly into account.

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