Rent Seeking

Rent Seeking
This paper examines the relationship between rent seeking and economic performance when governments cannot enforce property rights. With imperfect credit markets and a fixed cost of rent seeking, only wealthy agents choose to engage in it, since it enables them to protect their wealth from expropriation. Hence, the level of rent seeking and... READ MORE...

Publication date: March 2005
ISBN 9781451860627
$15.00

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