The measurability of budget related rent-seeking
โ Scribed by Richard J. Allard
- Publisher
- Springer US
- Year
- 1995
- Tongue
- English
- Weight
- 415 KB
- Volume
- 85
- Category
- Article
- ISSN
- 0048-5829
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
Dynamic rent-seeking games with nonlinear cost functions are analyzed. The local asymptotic stability of the solution is first examined. We show that in the absence of a dominant agent, all eigenvalues of the Jacobian are real. Conditions are given for the local asymptotic stability as well as for t
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? \*\*
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