Show simple item record

dc.contributor.authorCiarreta Antuñano, Aitor
dc.contributor.authorEspinosa Alejos, María Paz
dc.contributor.authorZurimendi Isla, Aitor
dc.date.accessioned2012-10-08T17:20:08Z
dc.date.available2012-10-08T17:20:08Z
dc.date.issued2012
dc.identifier.issn1988-088X
dc.identifier.urihttp://hdl.handle.net/10810/8765
dc.description.abstractThe European Commission Report on Competition in Professional Services found that recommended prices by professional bodies have a significant negative effect on competition since they may facilitate the coordination of prices between service providers and/or mislead consumers about reasonable price levels. Professional associations argue, first, that a fee schedule may help their members to properly calculate the cost of services avoiding excessive charges and reducing consumers’ searching costs and, second, that recommended prices are very useful for cost appraisal if a litigant is condemned to pay the legal expenses of the opposing party. Thus, recommended fee schedules could be justified to some extent if they represented the cost of providing the services. We test this hypothesis using cross‐section data on a subset of recommended prices by 52 Spanish bar associations and cost data on their territorial jurisdictions. Our empirical results indicate that prices recommended by bar associations are unrelated to the cost of legal services and therefore we conclude that recommended prices have merely an anticompetitive effect.es
dc.description.sponsorshipFinancial support from MICINN (ECO2009‐09120), Gobierno Vasco (DEUI, IT‐313‐07) and UPV/EHU (GIU09/23) is gratefully acknowledgedes
dc.language.isoenges
dc.publisherUniversity of the Basque Country, Department of Foundations of Economic Analysis IIes
dc.relation.ispartofseriesDFAEII 2012.12
dc.rightsinfo:eu-repo/semantics/openAccesses
dc.subjectprofessional associationses
dc.subjectrecommended priceses
dc.subjectanticompetitive conductes
dc.titleAre Bar Associations Anticompetitive? An Empirical Analysis of Recommended Prices for Legal Services in Spaines
dc.typeinfo:eu-repo/semantics/workingPaperes
dc.subject.jelK21
dc.identifier.repecRePEc:ehu:dfaeii:8765es
dc.departamentoesFundamentos del análisis económico IIes_ES
dc.departamentoeuEkonomia analisiaren oinarriak IIes_ES
dc.subject.categoriaECONOMICS, ECONOMETRICS AND FINANCE
dc.subject.categoriaLAW, ECONOMICS


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record