Efficient Rent Seeking

Gordon Tullock

A chapter in 40 Years of Research on Rent Seeking 1, 2008, pp 105-120 from Springer

Abstract: Abstract MOST of the papers in this volume implicitly or explicitly assume that rent-seeking activity discounts the entire rent to be derived. Unfortunately, this is not necessarily true; the reality is much more complicated. The problem here is that the average cost and marginal cost are not necessarily identical.

Date: 2008
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DOI: 10.1007/978-3-540-79182-9_6

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