Competition Policy and Regulation
Show Less

Competition Policy and Regulation

Recent Developments in China, the US and Europe

Edited by Michael Faure and Xinzhu Zhang

This unique book considers competition policy and regulation in light of the recent introduction of the anti-monopoly law in China. It addresses the relevance of competition policy for China from a broad theoretical and practical perspective, bringing together lawyers and economists from China, Europe and the US to provide an integrated law and economics approach.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 9: Professional Licensing and Self-regulation in Europe and China: A Law and Economics Perspective

Niels Philipsen


9. Professional licensing and selfregulation in Europe and China: a law and economics perspective Niels Philipsen* 9.1 INTRODUCTION Professional licensing can be defined as the set of regulations that limit service provision to individuals who meet certain government-established criteria.1 These criteria generally include educational requirements (university diploma), practical experience, and registration in a public register. Often there is ex post control on licensed practitioners: the licence can then be suspended or revoked if practitioners fail to stay within the prescribed set of permissible activities. Some licences need to be renewed after a number of years, subject to continuing education requirements, the attendance of professional workshops and courses, the payment of a fee, or a combination thereof. Whereas licensing excludes certain practitioners from the market, under a certification system non-certified professionals are still allowed to be active on the market. Certification refers to the protection of a title, such as ‘architect’ or ‘certified public accountant’. Those who do not have the certification may not use the protected title.2 It facilitates the communication of information about human capital investments, such as training levels.3 As with licences, some certifications are valid for a lifetime, while others have to be renewed on regular bases. Although the state can be involved in the formulation and enforcement of certification systems, they are more commonly found in self-regulation. There is a clear tension between competition law and professional licensing. The former promotes competition, whereas the latter restricts it by creating a ‘professional monopoly’. According to the law...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.