The Transitional Gains Trap
Bell Journal of Economics, 1975, vol. 6, issue 2, 671-678
Many government programs which appear to be designed to help some particular industry or group do not seem to be succeeding. The explanation offered here is that the program, when inaugurated, generated transitional gains for the individuals or companies in the industry, but that these have been fully capitalized, with the result that the people in the industry now are doing no better than normal. On the other hand, the termination of the particular scheme would, in general, lead to large losses for the entrenched interests.
References: Add references at CitEc
Citations: View citations in EconPapers (89) Track citations by RSS feed
Downloads: (external link)
http://links.jstor.org/sici?sici=0361-915X%2819752 ... O%3B2-Z&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:rje:bellje:v:6:y:1975:i:autumn:p:671-678
Ordering information: This journal article can be ordered from
https://editorialexp ... i-bin/rje_online.cgi
Access Statistics for this article
More articles in Bell Journal of Economics from The RAND Corporation
Bibliographic data for series maintained by ().