Felten: LAMP and Regulatory Arbitrage
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From an engineering standpoint, the new design of LAMP is overly complex, fragile, and inefficient. That's not surprising, because lawyers must have had a big impact on the design.
There's got to be a market in regulatory arbitrage... that is, maybe the "innovation" now is in how to satisfy the lawyers (notably your lawyers) in designing things and make them sexy enough for the market to chip in. LAMP isn't sexy, but it has satisfied MIT's lawyers!