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Evidence on effects of deregulation

In: Lawyers, Markets and Regulation

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Abstract

Frank H. Stephen’s evaluation of public policy on the legal profession in UK and European jurisdictions explores how regulation and self-regulation have been liberalized over the past 30 years. The book surveys where the most recent and radical liberalization involving the ownership of law firms by non-lawyers is likely to lead, and appraises the economic literature on the costs and benefits of regulating markets for professional services. It challenges socio-legal views on professional legislation and highlights the limitations of regulatory competition, as well as the importance of dominant business models. The author reviews the empirical work underpinning these theories and policies. He also evaluates the effectiveness of regulatory competition as a response to regulatory capture.

Suggested Citation

  • ., 2013. "Evidence on effects of deregulation," Chapters, in: Lawyers, Markets and Regulation, chapter 6, pages 86-108, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14803_6
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    File URL: https://www.elgaronline.com/view/9781781002674.00013.xml
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    Cited by:

    1. Nicholas Crafts & Alan Hughes, 2013. "Industrial Policy for the Medium to Long-term," Working Papers wp455, Centre for Business Research, University of Cambridge.

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    Keywords

    Economics and Finance; Law - Academic;

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