The impact of licensing requirements on industrial organization and labor: Evidence from the U.S. private security market

Brian Meehan

International Review of Law and Economics, 2015, vol. 42, issue C, 113-121

Abstract: The consequences of occupational licensing regulations on the private security market are examined. Analysis suggests that these regulations impact the number of private security firms in a state, the distribution of firm size, and the average wage of private security employees. Regulations imposed in some states reduce the number of private security firms, increase the size of firms, and raise average wages in the industry. The hypothesis that some licensing requirements act as barriers to entry is examined, as are arguments that these requirements alleviate asymmetric information problems in the industry.

Keywords: Private security; Occupational licensing; Asymmetric information; Barriers to entry (search for similar items in EconPapers)
JEL-codes: D45 K23 L25 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0144818815000150
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:irlaec:v:42:y:2015:i:c:p:113-121

DOI: 10.1016/j.irle.2015.02.001

Access Statistics for this article

International Review of Law and Economics is currently edited by C. Ott, A. W. Katz and H-B. Schäfer

More articles in International Review of Law and Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().