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Market Intervention by the Courts: The Economics of Occupational Boundary-Setting
Articles and Chapters
  • Steven Johnson, University of Pennsylvania
  • John B. Corgel, Cornell University
Publication Date
[Excerpt] Market intervention by the courts may take many forms and may occur in a variety of contexts. Sometimes even the most obscure types of judicial decisions can exert a significant impact on the efficiency of exchange (i.e., the price-quality equilibrium) in the market. Consequently, one criterion for evaluating legal precedent is its impact, if any, on the efficiency of exchange in the market.

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© Harvard Journal of Law and Public Policy. Reprinted with permission. All rights reserved.

Citation Information

Johnson, S. B. & Corgel, J. B. (1983). Market intervention by the courts: The economics of occupational boundary-setting [Electronic article]. Harvard Journal of Law and Public Policy, 6(2), 199-218. Retrieved [insert date], from Cornell University, School of Hospitality Administration site: