Market Intervention by the Courts: The Economics of Occupational Boundary-Setting
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[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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jurisdiction; market intervention; boundaries; real state; boundary disputes
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Required Publisher Statement: © Harvard Journal of Law and Public Policy. Reprinted with permission. All rights reserved.