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Privatization in rent-seeking societies

โœ Scribed by William Glade


Book ID
113326928
Publisher
Elsevier Science
Year
1989
Tongue
English
Weight
1016 KB
Volume
17
Category
Article
ISSN
0305-750X

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Rent-seeking societies suffer from a serious distortion of incentives. Incentives to engage in distributional struggles, to seek contrived transfers are strong, but incentives to engage in productive work are too weak. Stagnation and some unemployment should be expected. Long lasting democracies wit