“Compliance costs are high and fines for failing to do so are significant”
…
“The working paper’s four writers drilled down into the data and determined that GDPR helped push the exit of a third of available apps and\u00a0 also suppressed the introduction of new apps into the market. New app introductions in the quarters following the launch of GDPR enforcement dropped by half.<\/p>\n\n\n\n
“Whatever the privacy benefits of GDPR, they come at substantial costs in foregone innovation,” the authors note.”
…
“a sharp decline in\u00a0both<\/em>\u00a0successful and unsuccessful apps entering the market. It wasn’t just bad or predatory apps being affected by GDPR.”\u00a0\u00a0
…
” They also calculate that GDPR raises costs to produce apps by more than 30 percent.”
…
“The report’s authors conclude that when the quality of a product is unpredictable (like an unknown or not-yet-existent app), the ease of entry into a marketplace is important to help determine its value to consumers. When regulatory barriers like GDPR drive up entry costs, then there can be “substantial [consumer] welfare losses”\u00a0in the form of stillborn products and services we might want or need but never see.”<\/p>\n\n\n\n