The European Journal of Comparative Economics

Articles from Vol. 10, No. 2, August

A Comparison of the Regulation of Health Professional Boundaries across OECD Countries
1. Introduction (3) Increased attention has been paid recently to the issue of the regulation of professional boundaries. Some of this has been a result of the failure of regulation, such as the celebrated cases of Dr. Shipman in the U.K. where...
Auctioneers vs. Commissaires-Priseurs: The Carnival Mirror of Profession Regulation in the International Art Market
1. Introduction In the early 1960s the overall turnover of the French auctioneer Etienne Ader was twice as much that of Christie's and Sotheby's combined worldwide. Nowadays, the turnover of French auctioneers altogether is less than one half of...
From Certification to Licensure: Evidence from Registered and Practical Nurses in the United States, 1950-1970
1. Introduction In Chapter 9 of Capitalism and Freedom, Milton Friedman discussed how government certification (sometimes called "voluntary licensure") and mandatory licensure function as alternative mechanisms for solving the asymmetric information...
How Much Should Professional Markets Be Regulated? an Introduction
The regulation of professional markets is "extensive and growing"(Kleiner, 2011) and even "growing faster" than any other "major labor institution" (Kleiner, 2006, p. 17; see also Kleiner and Krueger, 2011). Accordingly, the economic literature that...
Occupational Regulation in the European Legal Market
1. Introduction Occupational regulation is an increasingly important feature of modern labor markets (Kleiner 2006). The main rationale for occupational regulation is that it can decrease consumer uncertainty regarding the quality of professionals...
Regulation of Pharmacists: A Comparative Law and Economics Analysis
1. Introduction The pharmaceutical profession is highly regulated, especially when compared to other professions such as accountants, architects, engineers and lawyers. (1) Some regulation of entry, conduct and price is needed in order to ensure...
The Regulation of Quality in the Market for Legal Services: Taking the Heterogeneity of Legal Services Seriously
Introduction During the last decade, the DG Competition of the European Commission (EC) has promoted the "need to modernise the professions in Europe" within Member States (EC, 2005, p. 11), including lawyers' services (1). Such modernisation of...
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