The limits of rent seeking: why protectionists become free traders
نویسندگان
چکیده
منابع مشابه
Rent-Seeking and Innovation
Innovations and their adoption are the keys to growth and development. Innovations are less socially useful, but more profitable for the innovator, when they are adopted slowly and the innovator remains a monopolist. For this reason, rent-seeking, both public and private, plays an important role in determining the social usefulness of innovations. This paper examines the political economy of in...
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متن کاملInfluencing rent-seeking contests
This paper shows that a policy that uniformly increases contestants’ effort costs can lead to an increase in total effort. In asymmetric settings, this “levels the playing field” and therefore encourages weaker players (who otherwise would have stayed out) to enter. Paradoxically, a contest designer whose only objective is to maximize total effort may thus wish to make rent-seeking “more diffic...
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ژورنال
عنوان ژورنال: Review of International Political Economy
سال: 1998
ISSN: 0969-2290,1466-4526
DOI: 10.1080/096922998347642