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Political instability in Africa: A rent-seeking approach

โœ Scribed by John Mbaku; Chris Paul

Publisher
Springer US
Year
1989
Tongue
English
Weight
549 KB
Volume
63
Category
Article
ISSN
0048-5829

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This paper examines the incentive and the consequences of using discriminatory pricing by a monopolist in a rent-seeking economy. It is shown that, even if all consumer groups' demands have identical elasticities at any given price, the monopolist has an incentive to charge a lower price to high pre