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Rent-seeking, rent-defending, and rent dissipation

Public Choice, 1991
A substantial portion of the research on rent-seeking addresses the issue of rent dissipation. This line of inquiry is drawn directly from Tullock’s (1967) stated intent to identify the total social costs of monopoly. Early studies, which were concerned with the measurement of Tullock costs, simply assumed dissipation would be complete (see Becker ...
Chris Paul, Al Wilhite
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