We are now closed for the Christmas and New Year period, returning on Monday 5th January 2026. Orders placed during this time will be processed upon our return on 5th January.
Although business people often regard licensing requirements as a major obstacle to investment and new ventures, the development of a well-designed regulatory licensing system is also widely believed to promote social welfare. The book explores existing regulatory licensing systems in China and critically appraises them using a law-and-economic approach.
This book is in three main parts. The first presents a general description of Chinese regulatory licensing systems. Secondly, the book discusses the design and evaluation of regulatory licensing systems by applying law-and-economic theories to three major issues. These issues are: the use of licensing as a means of regulation and as opposed to other means of regulation; the setting up of standards imposed through regulatory licensing systems; and the arrangement of procedures adopted for regulatory licensing systems. Thirdly, on the basis of the above theoretical framework, this book develops a critical evaluation of current Chinese regulatory licensing systems from the aforementioned three issues. In particular, it deeply examines licensing regimes for three sectors: lawyers, taxis and pharmaceutical products in China.
The book will be of great interest to scholars, practitioners and policymakers.
