Abstract
This paper contains the warning that the intended deregulation of the professions, which is vigorously pursued by the European Union, might go too far given the nature of many services at stake. Building upon an objective function which focuses on the minimization of social cost of regulation it is argued that advocates of deregulation do not take sufficient account of the ‘credence good’ problem contained in the said services. Being written to honor Hans-Bernd Schäfer, this paper hopefully resumes a particular virtue of the work of Professor Schäfer, which is the combination of high standard analysis with an orientation toward application.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Arrunada, Benito (1996) “The Economics of Notaries” European Journal of Law and Economics 3, 5–37
Arrunada, Benito (2003) “Property Enforcement as Organized Consent” The Journal of Law, Economics & Organization 19(2)
Bennett, Robert J. and Paul J.A. Robson (2004) “The role of trust and contract in the supply of business advice” Cambridge Journal of Economics 28(4), 471–488
Commission of the European Communities (2004) Communication from the Commission to the Council, the European Parliament, the European Economic and Social Committee and the Committee of the Regions COM (2004) 83
Crain, W. Mark (2005) “The Impact of Regulatory Costs on Small Firms”, prepared for the Small Business Administration — Office of Advocacy, Washington D.C.
Domberger, Simon and Avrom Sherr (1989) “The Impact of Competition on Pricing and Quality of Legal Services” International Review of Law an Economics 9, 41–56
Dulleck Uwe and Rolf Kerschbamer (2006) “On Doctors, Mechanics, and Computer Specialists: The Economics of Credence Goods” Journal of Economic Literature 44, 5–42
Fink, Marcel, Iain Paterson, Bernhard Felderer, and Christian Helmenstein (2001) „Notariat 2005-Entwicklungsperspektiven eines Freien Berufs“, Institut für höhere Studien (IHS), Wien
Frankel, Tamar (1999) “Trusting and Non-Trusting: Comparing Benefits, Cost and Risk”, Boston University School of Law Working Paper No 99-12
Greene Frederick D., Alfonse R. Petrocine, and Richard C. FitzPatrick (2003) “Holding Accountants Accountable: The Liability of Accountants to Third Parties” Employee Responsibilities and Rights Journal 15(1)
Hartmann, Frank (2006) „Freiheit und Bindung im Notarrecht-Der Notar im Spannungsfeld von Amtsführung und marktwirtschaftlicher Dienstleistung“, in: Jenkis, Helmut (ed.) Freiheit und Bindung der Wirtschaft, Duncker & Humblot: Berlin
Hoel, Michael (2006) “Cost-Effectiveness Analysis in the Health Sector When There Is a Private Alternative to Public Treatment” CESifo Economic Studies 52(3), 500–512
Humbeeck, Peter van (2006) “Data Collection for Cost Estimation in Regulatory Impact Analysis”, Center for Applied Studies in Law and Economics, Ghent University
Lee, Gabriel S. (2006), “Case Study for Germany: Entry and Competition for Bavarian Notary Profession”, COMP/2006/D3/003 Conveyancing Services Market
Lee, Gabriel S. (2006), “Conveyancing Services Market, Suggested Empirical Methodology” OMP/2006/D3/003
Lupton, Sylvie (2005) “Shared quality uncertainty and the introduction of indeterminate goods” Cambridge Journal of Economics 29(3), 399–421
Mixon, Franklin G. (1999) “Customer return policies for experience goods: the impact of product price and consumer search costs on seller-provided informational cues” Applied Economics 31, 331–336
Nadel, Mark S. (2006) “A Critical Assessment of the Standard, Traditional, Residential Real Estate Broker Commission Rate Structure” Joint Center, Related Publication 06-28
OECD (2003) Regulatory Indicators Questionnaire, Regulatory Structures and Policies in OECD Countries, Eco/Cpe/Wp1, 11
Paterson, Iain, Marcel Fink, and Anthony Ogus (2003) “Economic impact of regulation in the field of liberal professions in different Member States” Study for the European Commission, DG Competition, Final Report-Part 1
Reisch, Lucia (2005) „Verbraucherpolitik auf Vertrauensgütermärkten“ in: Held, Martin, Gisela Kubon-Gilke, and Richard Sturn (eds.) Reputation und Vertrauen — Jahrbuch Normative und institutionelle Grundfragen der Ökonomik Metropolis-Verlag
Saad-Lessler, Joelle (2005) “Do Local Relative Factor Supplies Affect Local Relative Factor Prices?” The B.E. Journal of Economic Analysis & Policy 5(1)
Scassellati Sforzolini, Giuseppe (2006) “The Economic Case for Professional Services Reform”, paper presented at the occasion of the Conference on ‘The Economic Case for Professional Services Reform’, Brussels
Schmid Christoph, Gabriel Lee, Sebastian Steffen, Marcel Fink, and Iain Paterson (2006) “Preliminary Findings from the ongoing Study on ‘Conveyancing Services Regulation in Europe’”, prepared for ‘the Economic Case for Professional Services Reform’
Sell, Friedrich (2005) „Vertrauen und Vertrauenserosion — Ökonomische Funktionen und Effekte“ in: Held, Martin, Gisela Kubon-Gilke, and Richard Sturn (eds.) Reputation und Vertrauen — Jahrbuch Normative und institutionelle Grundfragen der Ökonomik Metropolis-Verlag
Shaw, Gisela (2003) “The German notariat and the European challenge” International Journal of the Legal Profession 10(1)
Straub Torsten Tristan (2005), „Vertrauen in Rechtssysteme und seine Bedeutung für Transaktionen“ in: Held, Martin, Gisela Kubon-Gilke, and Richard Sturn (eds.) Reputation und Vertrauen — Jahrbuch Normative und institutionelle Grundfragen der Ökonomik Metropolis-Verlag
Van den Bergh, Roger and Yves Montangie (2005) “Theory and Evidence on the Regulation of the Latin Notary Profession: A Law and Economics Approach” study commissioned by the notary federations of France, Belgium, and the Netherlands
White, Lawrence J. (2006) “The Residential Real Estate Brokerage Industry: What would more Vigorous Competition look like?” Joint Center, Related Publication 06-09
World Bank (2006) Doing Business 2007 — How to reform, Washington
Author information
Authors and Affiliations
Editor information
Rights and permissions
Copyright information
© 2008 Gabler | GWV Fachverlage GmbH, Wiesbaden
About this chapter
Cite this chapter
Weigel, W. (2008). Challenging Contemporary Trends in the (DE-) Regulation of the Professions. In: Eger, T., Bigus, J., Ott, C., von Wangenheim, G. (eds) Internationalisierung des Rechts und seine ökonomische Analyse. Gabler. https://doi.org/10.1007/978-3-8350-5582-7_29
Download citation
DOI: https://doi.org/10.1007/978-3-8350-5582-7_29
Publisher Name: Gabler
Print ISBN: 978-3-8350-0877-9
Online ISBN: 978-3-8350-5582-7
eBook Packages: Business and Economics (German Language)