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X-Efficiency, Rent-Seeking and Social Costs: Comment

โœ Scribed by Michael C. Naughton and Roger Frantz

Book ID
125292683
Publisher
Springer US
Year
1991
Tongue
English
Weight
737 KB
Volume
68
Category
Article
ISSN
0048-5829

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โœ Gordon Tullock ๐Ÿ“‚ Article ๐Ÿ“… 1990 ๐Ÿ› Springer US ๐ŸŒ English โš– 126 KB

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