On the Social Costs of Rent-Seeking Versus the Social Costs of Production Flexibility
โ Scribed by Eliakim Katz and J. Barry Smith
- Book ID
- 125298592
- Publisher
- Springer US
- Year
- 1990
- Tongue
- English
- Weight
- 789 KB
- Volume
- 66
- Category
- Article
- ISSN
- 0048-5829
- DOI
- 10.2307/30025287
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
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
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