Is Tullock Correct about Sunday Closing Laws?

Is Tullock Correct about Sunday Closing Laws?

In a recently reprinted essay, Gordon Tullock (1980: 671-678) develops the thesis that the acquisition by producers of government sanctioned monopoly privileges rarely leads to higher long run profitability. The gains are short-lived because the monopoly rents often are dissipated. 'The success...

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Veröffentlicht in:Public choice 1984-01, Vol.42 (2), p.197-203
1. Verfasser: Moorhouse, John C.
Format: Artikel
Sprache:eng
Schlagworte:
Blue laws
Coefficients
Customer services
Customers
Employees
Evaluation
Food
Food distribution
Food stores
Grocery stores
Hypotheses
Law (sunset)
Mathematical constants
Operating costs
Population
Positive laws
Profit margins
Profitability
SMSA
State legislation
Statistical significance
Variable coefficients
Variables
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Beschreibung
Zusammenfassung:In a recently reprinted essay, Gordon Tullock (1980: 671-678) develops the thesis that the acquisition by producers of government sanctioned monopoly privileges rarely leads to higher long run profitability. The gains are short-lived because the monopoly rents often are dissipated. 'The successors to the original beneficiaries will not normally make exceptional profits, but, unfortunately, they usually will be injured by cancellation of the original gift' (p. 671). Tullock refers to this as 'the transitional gains trap.'
ISSN:0048-5829
1573-7101
DOI:10.1007/BF00124162