Some additional evidence on the comparative effect of income, regulation, and other variables on the demand for lawyers is called for. One objective of this paper is to investigate the speed of adjustment of law schools to shifts in the demand for lawyers. Section I presents a theoretical model...

Although regulatory competition has been hailed in some quarters as a superior alternative to Council-driven harmonization, little empirical investigation has been carried out to demonstrate how regulatory competition might work in actual EC practice, and therefore whether its expected benefits...