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Theft as a Paradigm for Departures from Efficiency

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  • Usher, D

Abstract

The social cost of theft can be divided into four categories--alternative cost of the labor of the thief, alternative cost of the defensive labor of his victim, destruction of product in the act of theft, and deadweight loss. Theft stands as a paradigm for all departures from efficiency because their social costs can also be subsumed under these categories. The analogy with theft unifies the study of departures from efficiency, simplifies exposition, and places special emphasis upon the deliberate use of one's resources to appropriate what others have produced rather than to produce what others wish to consume. Copyright 1987 by Royal Economic Society.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 39 (1987)
Issue (Month): 2 (June)
Pages: 235-52

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Handle: RePEc:oup:oxecpp:v:39:y:1987:i:2:p:235-52

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Cited by:
  1. Herschel I. Grossman & Minseong Kim, 2003. "Educational Policy: Egalitarian or Elitist?," Economics and Politics, Wiley Blackwell, vol. 15(3), pages 225-246, November.
  2. Herschel Grossman, 2000. "Inventors and Pirates:Creative Activity and Intellectual Property Rights," Working Papers 2000-14, Brown University, Department of Economics.
  3. Mehlum,H. & Moene,K. & Torvik,R., 2000. "Predator or prey? : parasitic enterprises in economic development," Memorandum 27/2000, Oslo University, Department of Economics.
  4. Siddiqui, Danish Ahmed & Ahmed, Qazi Masood, 2009. "Does Institutions effect growth in Pakistan? An Empirical investigation," MPRA Paper 19744, University Library of Munich, Germany.
  5. Halvor Mehlum & Kalle Moene & Ragnar Torvik, 2004. "Parasites," Development and Comp Systems 0406003, EconWPA.
    • Mehlum, Halvor & Moene, Karl O. & Torvik, Ragnar, 2003. "Parasites," Memorandum 16/2003, Oslo University, Department of Economics.
  6. Grossman, Herschel I. & Kim, Minseong, 2002. "Is a moral disposition rewarded?," Journal of Banking & Finance, Elsevier, vol. 26(9), pages 1811-1820, September.
  7. de Janvry, Alain & Sadoulet, Elisabeth, 2004. "Optimal Share Contracts under Theft," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6kq6t3bb, Department of Agricultural & Resource Economics, UC Berkeley.
  8. Caruso, Raul, 2007. "Recirpcity in the shadow of Threat," MPRA Paper 1788, University Library of Munich, Germany.
  9. Grossman, Herschel I. & Kim, Minseong, 2000. "Predators, moral decay, and moral revivals," European Journal of Political Economy, Elsevier, vol. 16(2), pages 173-187, June.
  10. Kjell Hausken, 2005. "Production and Conflict Models Versus Rent-Seeking Models," Public Choice, Springer, vol. 123(1), pages 59-93, April.
  11. Grossman, Herschel I., 2002. ""Make us a king": anarchy, predation, and the state," European Journal of Political Economy, Elsevier, vol. 18(1), pages 31-46, March.
  12. Marceau, Nicolas & Mongrain, Steeve, 1999. "Dissuader le crime : un survol," L'Actualité Economique, Société Canadienne de Science Economique, vol. 75(1), pages 123-147, mars-juin.
  13. Duffy, John & Kim, Minseong, 2005. "Anarchy in the laboratory (and the role of the state)," Journal of Economic Behavior & Organization, Elsevier, vol. 56(3), pages 297-329, March.
  14. J. Amegashie, 2008. "Incomplete property rights, redistribution, and welfare," Social Choice and Welfare, Springer, vol. 30(4), pages 685-699, May.

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