Occupational licensing of a credence good: The regulation of midwifrey
A general theoretical and empirical model of the impact of regulation on supply and demand (prices and quantities) is developed in this paper. The regulation of midwifery services - of certified nurse-midwives (CNM) - relative to obstetricians (OB) is analyzed within this framework. Demand-side (qua...
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| Veröffentlicht in: | Southern economic journal 2003-01, Vol.69 (3), p.659 |
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| creator | Adams, A Frank Ekelund, Robert B Jackson, John D |
| description | A general theoretical and empirical model of the impact of regulation on supply and demand (prices and quantities) is developed in this paper. The regulation of midwifery services - of certified nurse-midwives (CNM) - relative to obstetricians (OB) is analyzed within this framework. Demand-side (quality assurance) effects are distinguished from supply-side (Stigler-Peltzman) effects in the model. Since both unambiguously predict a price increase, the regulatory impact on quantity is focused upon. It is found, within the empirical model, that while both effects are present, supply-restricting effects dominate quality assurance in the US market for CNM services. When mean regulations are compared to minimum regulations in the sample, CNM births increase from just under 6% of all births to a little over 11%. On net, regulation reduces the quantity of CNM births. |
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The regulation of midwifery services - of certified nurse-midwives (CNM) - relative to obstetricians (OB) is analyzed within this framework. Demand-side (quality assurance) effects are distinguished from supply-side (Stigler-Peltzman) effects in the model. Since both unambiguously predict a price increase, the regulatory impact on quantity is focused upon. It is found, within the empirical model, that while both effects are present, supply-restricting effects dominate quality assurance in the US market for CNM services. When mean regulations are compared to minimum regulations in the sample, CNM births increase from just under 6% of all births to a little over 11%. 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On net, regulation reduces the quantity of CNM births.</description><subject>20th century</subject><subject>Advanced practice nurses</subject><subject>Attended births</subject><subject>Births</subject><subject>Consumers</subject><subject>Continuing education</subject><subject>Economic models</subject><subject>Licenses</subject><subject>Licensing</subject><subject>Midwifery</subject><subject>Nurse specialists</subject><subject>Nursing licensure</subject><subject>Occupations</subject><subject>Quality control</subject><subject>Regulation</subject><subject>Reimbursement</subject><subject>Scope of practice</subject><subject>Studies</subject><subject>Womens health</subject><issn>0038-4038</issn><issn>2325-8012</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2003</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNqNzb0KwjAYheEgCtbqPXy4F_LTQnUVi5tL9xLSrzUlJjVpEO_eKl6Ay3mXB86CJFzwIisp40uSUCrKLJ9nTTYhDJRSzliRkOqqVBzlpJ2VBoxWaIO2PbgOJCiPLVqF0DvXHqG-IXjso_nyD7nr9qk7j68tWXXSBNz9mpJ9da5Pl2z07hExTM3gop8vQsMZZzljByH-Qm8itzvT</recordid><startdate>20030101</startdate><enddate>20030101</enddate><creator>Adams, A Frank</creator><creator>Ekelund, Robert B</creator><creator>Jackson, John D</creator><general>Southern Economic Association</general><scope>0-V</scope><scope>0U~</scope><scope>1-H</scope><scope>3V.</scope><scope>4S-</scope><scope>4T-</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>88J</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ALSLI</scope><scope>AZQEC</scope><scope>BEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>M2O</scope><scope>M2R</scope><scope>MBDVC</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope><scope>S0X</scope></search><sort><creationdate>20030101</creationdate><title>Occupational licensing of a credence good: The regulation of midwifrey</title><author>Adams, A Frank ; 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| ispartof | Southern economic journal, 2003-01, Vol.69 (3), p.659 |
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| language | eng |
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| source | EBSCOhost Business Source Complete; Access via Wiley Online Library; JSTOR Archive Collection A-Z Listing |
| subjects | 20th century Advanced practice nurses Attended births Births Consumers Continuing education Economic models Licenses Licensing Midwifery Nurse specialists Nursing licensure Occupations Quality control Regulation Reimbursement Scope of practice Studies Womens health |
| title | Occupational licensing of a credence good: The regulation of midwifrey |
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