Forms of governance and the size of rent-seeking
نویسنده
چکیده
In this paper we present a model where agents can choose between 1 productive and rent-seeking activities.We consider two governance institutions: 2 autocracy and parliament rule. Under autocracy rent-seeking reflects the taste 3 of the autocrat for such activities. Under parliament rule rent-seeking depends 4 on parliament voting. We show that under parliament rule the size of rent5 seeking may be larger than under autocracy. This cast doubts on the idea that 6 “rigth” institutions necessarily promote good economic performance. We also 7 show that rent-seekers may be interested in overthrowing autocracy. 8
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ورودعنوان ژورنال:
- Social Choice and Welfare
دوره 30 شماره
صفحات -
تاریخ انتشار 2008