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: | deu |
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Rosetti Internaţional
2015-11-01
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| Series: | Journal of Philosophical Economics |
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| Online Access: |
http://jpe.ro/pdf.php?id=7305
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