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On the social costs of rent-seeking versus the social costs of production flexibility

โœ Scribed by Eliakim Katz; J. Barry Smith


Publisher
Springer US
Year
1990
Tongue
English
Weight
424 KB
Volume
66
Category
Article
ISSN
0048-5829

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๐Ÿ“œ SIMILAR VOLUMES


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Katz and Smith are, of course, correct in talking about the importance of production flexibility in the industrial organization literature. But there is also a specific example of this, not particularly relevant to their case but relevant in many other cases, in which a company is so designed that t

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In recent years there has been increasing interest in the literature in the theory of rent seeking. This theory, which was initiated by Tullock (1967), Posner (1975) and Krueger (1974), has since been developed in various directions by Bhagwati and Srinivasan (1980), Tullock (1980), Hillman and Katz

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this article because he feels it is important to get research started in the area. The weaknesses of Laband's approach, which are fully recognized by Laband, are obvious, but the editor at the moment can think of no way of doing better. Can the readers do better than both Laband and the editor? \*\*

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