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Long-run equilibrium and total expenditures in rent-seeking: A comment

✍ Scribed by Gordon Tullock

Publisher: Springer US
Year: 1984
Tongue: English
Weight: 150 KB
Volume: 43
Category: Article
ISSN: 0048-5829
DOI: 10.1007/bf00137910

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## Abstract This paper proposes a cointegration approach to testing the validity long‐run equilibrium in production, where capital and labour are taken as quasi‐fixed inputs. Previous studies consider only capital as the quasi‐fixed input and do not take account of the time series properties of the