Unfortunately, I don’t expect the federal bureaucracy to usher in the reign of Milton Friedman’s Chicago School economics. But the federal regulatory process would likely pay less heed to local [...]
By exploiting state-level variations in mortgage broker licensing regulations, we examine how licensing requirements affect mortgage loan performances and the mortgage origination market. Using data on private label securitized loans, [...]
As this list [of potential alternatives to occupational licensing] shows, the market has responded with a myriad of innovative and still-developing alternatives to public regulation. Rather than continuing to engage [...]
No attempt has been made herein to explore exhaustively the countless number of restrictions which operate to harass the life of the small business man, regardless of his calling. But [...]
This paper develops a model of the economic impact of occupational licensure. The model is then used to estimate the effects of occupational licensure on wages and the division of [...]
This article will show that government action in times of crisis is often inconsistent with its rhetoric. Licensing is typically justified on the grounds that market mechanisms will not mitigate [...]