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Record W4365600402 · doi:10.48550/arxiv.2304.04914

Regulatory Markets: The Future of AI Governance

2023· preprint· en· W4365600402 on OpenAlexfundno aff
Gillian K. Hadfield, Jack A. Clark

Bibliographic record

VenuearXiv (Cornell University) · 2023
Typepreprint
Languageen
FieldBusiness, Management and Accounting
TopicRegulation and Compliance Studies
Canadian institutionsnot available
FundersInstitute for Catastrophic Loss Reduction
KeywordsLegislatureCorporate governanceBusinessMarket regulationGovernment regulationRegulatorControl (management)Command and controlFinancial regulationIndustrial organizationPublic economicsEconomicsPolitical scienceMarket economyFinanceEngineeringLawManagement

Abstract

fetched live from OpenAlex

Appropriately regulating artificial intelligence is an increasingly urgent and widespread policy challenge. We identify two primary, competing problem. First is a technical deficit: Legislatures and regulatory face significant challenges in rapidly translating conventional command-and-control legal requirements into technical requirements. Second is a democratic deficit: Over-reliance on industry to provide technical standards fails to ensure that the many values-based decisions that must be made to shape AI development and deployment are made by democratically accountable public, not private, actors. We propose a solution: regulatory markets, in which governments require the targets of regulation to purchase regulatory services from a government-licensed private regulator. This approach to AI regulation could overcome the limitations of both command-and-control regulation and excessive delegation to industry. Regulatory markets could enable governments to establish policy priorities for the regulation of AI while relying on market forces and industry R&D efforts to pioneer the technical methods of regulation that best achieve policymakers' stated objectives.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.039
metaresearch head score (Gemma)0.037
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.039
Threshold uncertainty score0.204

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0390.037
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0020.003
Science and technology studies0.0040.029
Scholarly communication0.0180.024
Open science0.0020.005
Research integrity0.0090.009
Insufficient payload (model declined to judge)0.0080.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.054
GPT teacher head0.179
Teacher spread0.125 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations18
Published2023
Admission routes1
Has abstractyes

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