Please use this identifier to cite or link to this item: http://arl.liuc.it/dspace/handle/2468/5856
Title: The regulation of quality in the market for legal services: Taking the heterogeneity of legal services seriously
Authors: Chaserant, Camille
Harnay, Sophie
Issue Date: 2013
Publisher: European Association for Comparative Economic Studies (EACES)
Università Carlo Cattaneo - LIUC
Bibliographic citation: Chaserant Camille, Harnay Sophie (2013), The regulation of quality in the market for legal services: Taking the heterogeneity of legal services seriously. In: The European Journal of Comparative Economics, vol. 10, n. 2, 2013, p. 267-291. E-ISSN 1824-2979.
Abstract: Reviewing the public and private interest approaches to the regulation in the market for legal services, this article points out their mutual inconsistency and their empirical and theoretical limits. It then argues that heterogeneous legal services should be considered when (de)regulating the market. Drawing upon the distinction between credence, experience, and search goods, we distinguish various legal services according to the degree of asymmetric information on quality characterizing the relationship between lawyers and clients. We argue that the heterogeneity of legal services impacts on the desirable level of regulation, implying that not all the markets for legal services should be regulated or, conversely, deregulated. Furthermore, when regulation is needed, the degree of asymmetric information between the regulatory authority and lawyers partly determines the choice between external and self-regulation.
URI: http://arl.liuc.it/dspace/handle/2468/5856
Journal/Book: The European journal of comparative economics
Appears in Collections:EJCE

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