112. The transitional gains trap

In a 1975 article, Gordon Tullock explained the transitional gains trap. He proposed it to explain why the “beneficiaries” of government privileges fight to keep them, even when the benefits are not providing them with anything more than the regular competitive rate of return. As Tullock explains, the transitional gains trap begins with rent creation and helps explain why inefficient institutions persist in rent-seeking societies.

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Year of publication:	2025
Authors:	Carden, Art ; Moore, Sarah
Published in:	Elgar encyclopedia of public choice. - Cheltenham, UK : Edward Elgar Publishing, ISBN 978-1-80220-775-0. - 2025, p. 791-795
Subject:	Systemtransformation \| Economic transition \| Theorie \| Theory \| Osteuropa \| Eastern Europe

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Type of publication:	Article
Language:	English
Other identifiers:	10.4337/9781802207750.00117 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015642108