On Opposition to Rent Seeking: Implications for Developing Countries
A model is developed to study the implications of the presence of rent-opposing activities for the measurement of deadweight losses and for cost-benefit analysis. The analysis provides an upper bound on the social cost of rent-seeking in the presence of potential rent-opposers. Remarks are offered on the interactions between merits and skills in the determination of success in rent-seeking, and on the pervasiveness of corruption in developing economies. Copyright 1998 by Blackwell Publishing Ltd
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Volume (Year): 2 (1998)
Issue (Month): 3 (October)
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