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Administrative Regulation and Licensing: Social Problem or Solution?
Vol. 21, No. 4 (Apr., 1974), pp. 468-479
Stable URL: http://www.jstor.org/stable/799986
Page Count: 12
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Government regulation is frequently advocated as a solution to many economic problems. In a review of a number of studies examining the effects of government regulation, it is seen that regulation and occupational licensing have typically operated so as to increase price, restrict entry, and enhance the rate of return earned by the industry or occupation. Some organizational factors accounting for these outcomes are advanced.
Social Problems © 1974 Oxford University Press