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Administrative Regulation and Licensing: Social Problem or Solution?

Jeffrey Pfeffer
Social Problems
Vol. 21, No. 4 (Apr., 1974), pp. 468-479
DOI: 10.2307/799986
Stable URL: http://www.jstor.org/stable/799986
Page Count: 12
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Administrative Regulation and Licensing: Social Problem or Solution?
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Abstract

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.

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