The Economics of Professional Ethics: Should the Professions Be More Like Business?
Recent government policy has favored making the professions more like business. On this policy, "cheating" (exploitation of asymmetric information or neglect of externalities) is prevented by regulation; drawbacks include high transaction costs of regulation, and consequent dangers of ineffectiveness and adverse selection. This paper considers a possible rationalization of traditional competition-reducing arrangements in the professions, viewed as an alternative policy. These arrangements prohibit practices that offer a temptation to cheating, even at the cost of restricting competition. They rely on the prevalence of a distinctive professional morality in order to prevent restriction of competition from leading to monopolistic exploitation. Copyright 1991 by Royal Economic Society.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 101 (1991)
Issue (Month): 407 (July)
|Contact details of provider:|| Postal: |
Phone: +44 1334 462479
Web page: http://www.res.org.uk/Email:
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishers.co.uk/asp/journal.asp?ref=0013-0133|
When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v:101:y:1991:i:407:p:737-50. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.