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Managing competition in professional services and the burden of inertia

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dc.contributor.author Arruñada, Benito
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T10:47:22Z
dc.date.available 2017-07-26T10:47:22Z
dc.date.issued 2005-05-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=827
dc.identifier.citation Claus-Dieter Ehlermann e Isabela Atanasiu, eds., European Competition Law Annual 2004: The Relationship between Competition Law and the (Liberal) Professions, Hart Publishing, Oxford and Portland Oregon, 2006, pp. 51-71
dc.identifier.uri http://hdl.handle.net/10230/545
dc.description.abstract Professional services require certain organizational patterns in order to avoid information asymmetries and external effects. These same patterns are used within production structures involving various degrees of monopoly. However, competitive restraints are justified today only when substantial external effects are clearly present, whereas information asymmetries hardly justify such restraints because reputational investments have become widespread in the economy and are relatively efficient in overcoming such asymmetries. As a consequence, innovation in the production of externalities can make competitive constraints unnecessary.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 827
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Managing competition in professional services and the burden of inertia
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:09:10Z
dc.subject.keyword professions
dc.subject.keyword competition
dc.subject.keyword lawyers
dc.subject.keyword notaries
dc.subject.keyword pharmacists
dc.subject.keyword Management and Organization Studies
dc.rights.accessRights info:eu-repo/semantics/openAccess

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