Holdings: Rent Seeking :: THWS Bibkatalog

Rent Seeking:

This paper examines the relationship between rent seeking and economic performance when governments cannot enforce property rights. With imperfect credit markets and a fixed cost of rent seeking, only wealthy agents choose to engage in it, since it enables them to protect their wealth from expropria...

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Bibliographic Details
Main Author:	Chakraborty, Shankha (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 2005
Series:	IMF Working Papers Working Paper No. 05/43
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	This paper examines the relationship between rent seeking and economic performance when governments cannot enforce property rights. With imperfect credit markets and a fixed cost of rent seeking, only wealthy agents choose to engage in it, since it enables them to protect their wealth from expropriation. Hence, the level of rent seeking and economic performance are determined by the initial distribution of income and wealth. When individuals also differ in their productivity, not all wealthy agents become rent seekers and the social costs of rent seeking are typically lower. In both cases, multiple equilibria with different levels of rent seeking and production are possible
Physical Description:	1 Online-Ressource (28 p)
ISBN:	1451860625 9781451860627

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MARC


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spelling	Chakraborty, Shankha Verfasser aut Rent Seeking Chakraborty, Shankha Washington, D.C International Monetary Fund 2005 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 05/43 This paper examines the relationship between rent seeking and economic performance when governments cannot enforce property rights. With imperfect credit markets and a fixed cost of rent seeking, only wealthy agents choose to engage in it, since it enables them to protect their wealth from expropriation. Hence, the level of rent seeking and economic performance are determined by the initial distribution of income and wealth. When individuals also differ in their productivity, not all wealthy agents become rent seekers and the social costs of rent seeking are typically lower. In both cases, multiple equilibria with different levels of rent seeking and production are possible Online-Ausg Dabla-Norris, Era Sonstige oth http://elibrary.imf.org/view/IMF001/05670-9781451860627/05670-9781451860627/05670-9781451860627.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Chakraborty, Shankha Rent Seeking
title	Rent Seeking
title_auth	Rent Seeking
title_exact_search	Rent Seeking
title_exact_search_txtP	Rent Seeking
title_full	Rent Seeking Chakraborty, Shankha
title_fullStr	Rent Seeking Chakraborty, Shankha
title_full_unstemmed	Rent Seeking Chakraborty, Shankha
title_short	Rent Seeking
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