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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| Format: | article |
| Language: | DE EN FR |
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Editura ASE Bucuresti
2015
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| Online Access: | https://doaj.org/article/3f5d24ece0434d98ab2e664442e7fe6e |
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