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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| Veröffentlicht in: | The journal of philosophical economics 2015-11, Vol.IX Issue 1 (Articles), p.73-101 |
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| Format: | Artikel |
| Sprache: | eng |
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| Online-Zugang: | Volltext |
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