Regulation of Professions in the Us and Europe: A Comparative Analysis

55 Pages Posted: 4 Jan 2005

See all articles by Nuno Garoupa

Nuno Garoupa

George Mason University - Antonin Scalia Law School, Faculty

Date Written: August 2004

Abstract

In this paper is analyzed the regulation of access to and activity of certain professions, namely of lawyers and physicians. A quick review of the economic theory of regulation of professions, namely (a) Why regulate, (b) How to regulate, and (c) What to regulate is presented. We suggest a set of indicators to measure the quality of regulatory restrictions (hence exposing comparative inefficiencies) in professional activities. We conclude that generally speaking the US followed by Norway, the UK [England and Wales] and Belgium perform better in terms of efficient regulation, whereas Germany, Austria and Portugal perform badly for both legal and medical professionals. Other countries (including the Netherlands, Spain, France) vary. Our results are somehow consistent with previous reports.

Keywords: Regulation, Rent-Seeking, Lawyers, Physicians, Numerical Comparative Law

JEL Classification: I18, J44, K29, L43, L51, L84

Suggested Citation

Garoupa, Nuno, Regulation of Professions in the Us and Europe: A Comparative Analysis (August 2004). Available at SSRN: https://ssrn.com/abstract=640502 or http://dx.doi.org/10.2139/ssrn.640502

Nuno Garoupa (Contact Author)

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States

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