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Transaction Cost Politics, Institutions for Commitment and Rent Seeking

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  • Mansoob Murshed

Abstract

In developing countries, particularly in those countries that have experienced declining growth rates, institutional failure (bad policies) is closely related to development failure and growth collapses. This paper addresses the issues of commitment, compromise and rent seeking, all of which are relevant to institutional design and the formulation of optimal policies. The models in the paper are within the genre of endogenous policy formation, transaction cost politics, and models of rent seeking.

Suggested Citation

  • Mansoob Murshed, 2001. "Transaction Cost Politics, Institutions for Commitment and Rent Seeking," WIDER Working Paper Series DP2001-125, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2001-125
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-125.pdf
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    References listed on IDEAS

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