Rent-Seeking, Resource Booms and the Size of the Entrepreneurial Class: A Theoretical Analysis

Jean-Marie Baland and Patrick Francois ()

Working Papers from Notre-Dame de la Paix, Sciences Economiques et Sociales

Abstract: This paper develops a model of rent-seeking in which the opportunity cost of rent-seeking is foregone entrepreneurship. It provides conditions under which resource booms tend to lead to an increase in rent-seeking activity and those in which they induce entrepreneurship. It is shown that the effects of a resource boom depend critically on the number of rent-seeker/entrepreneurs in an economy.

Keywords: ECONOMIC MODELS; ENTREPRENEURS (search for similar items in EconPapers)
JEL-codes: D72 (search for similar items in EconPapers)
Pages: 18 pages
Date: 1997
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:nodapa:191

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