Efficient rents 3 back to the bog
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Gordon Tullock
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Article
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1985
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Springer US
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English
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My role in connection with the efficient rent-seeking model (Tullock 1980) is, I think, a rather ill-omened one. I began the discussion by inventing a model with an apparent paradox. The market doesn't clear even with free entry and competition. There have been a number of efforts to deal with this