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General Reports of the XIXth Congress of the International Academy of Comparative Law Rapports Généraux du XIXème Congrès de l'Académie Internationale de Droit Comparé pp 611–617Cite as

The Inner Regulation Optimum of the Notarial Profession

Theoretical Discussion and Empirical Results

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Part of the book series: Ius Comparatum - Global Studies in Comparative Law ((GRIA,volume 24))

Abstract

This paper introduces the concept of an optimal level of regulation to accomplish welfare maximization in the context of civil law notaries. Regulation is generally considered inevitable to ensure the quality of legal services due to the presence of information asymmetries and externalities in the market for legal services. On theoretical and empirical grounds, we find that complete deregulation does not necessarily lead to a welfare-maximizing outcome, nor does it result in increased competition in the long run. Moreover, we specify conditions for an inner solution to achieve the regulatory optimum in an informationally inefficient market.

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Author information

Authors and Affiliations

  1. Federation of Austrian Industries, Vienna, Austria

    Christian Helmenstein

  2. Economica Institute, Vienna, Austria

    Christian Helmenstein, Kalpana Scholtès-Dash & Helmut Berrer

Authors
  1. Christian Helmenstein
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  2. Kalpana Scholtès-Dash
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  3. Helmut Berrer
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Corresponding author

Correspondence to Christian Helmenstein .

Editor information

Editors and Affiliations

  1. Department of Civil Law, University of Vienna, Vienna, Wien, Austria

    Martin Schauer

  2. Department of European, International and Comparative Law, University of Vienna, Vienna, Wien, Austria

    Bea Verschraegen

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Helmenstein, C., Scholtès-Dash, K., Berrer, H. (2017). The Inner Regulation Optimum of the Notarial Profession. In: Schauer, M., Verschraegen, B. (eds) General Reports of the XIXth Congress of the International Academy of Comparative Law Rapports Généraux du XIXème Congrès de l'Académie Internationale de Droit Comparé. Ius Comparatum - Global Studies in Comparative Law(), vol 24. Springer, Dordrecht. https://doi.org/10.1007/978-94-024-1066-2_30

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  • DOI: https://doi.org/10.1007/978-94-024-1066-2_30

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  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-024-1064-8

  • Online ISBN: 978-94-024-1066-2

  • eBook Packages: Law and CriminologyLaw and Criminology (R0)

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