HOW TO CONSIDER GOVERNANCE IN ECONOMIC POLICY MODELING?

We develop a framework where economic agents choose between becoming productive entrepreneurs or re-distributive rent seekers. Rent seekers use economic resources to extract rents and thus their existence generates an inefficient economic outcome. We study the welfare impact of rent seeking activities and show that their reduction is welfare improving.

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Year of publication:	2001
Authors:	Gaitan, Beatriz ; Pavel, Ferdinand
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Political Economy

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Extent:	application/pdf
Series:	2001 Annual meeting, August 5-8, Chicago, IL.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2001 Annual meeting, August 5-8, Chicago, IL Number 20566
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005503616