The welfare costs of rent-seeking: a methodologically individualist and subjectivist revision

Gordon Tullock is acknowledged for being the first to recognize the true costs of rent-seeking as including not only the Harberger triangle but also the Tullock rectangle. This rectangle does not constitute merely a lossless transfer of wealth, but it causes a misallocation of resources as rent-seek...

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Autor principal: Michael Makovi
Formato: article
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Publicado: Editura ASE Bucuresti 2015
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Acceso en línea:https://doaj.org/article/3f5d24ece0434d98ab2e664442e7fe6e
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