Which Rectangle?: An Extension

Sanghack Lee

Public Choice, 2000, vol. 104, issue 3-4, 389-90

Abstract: This note examines the social cost of rent seeking when firms seek rent by obtaining government subsidies as well as by securing a monopoly position. The social cost of rent seeking proves to be represented by the new Tullock rectangle. Copyright 2000 by Kluwer Academic Publishers

Date: 2000
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