Angelopoulos, Konstantinos; Philippopoulos, Apostolis; … - Department of Economics, Adam Smith Business School - 2007
, subsidies and tax treatments at the expense of the general public interest. The model is calibrated to the euro area as a whole …, and to individual euro member-countries, over the period 1980-2003. We find that an important proportion of tax revenue is … appropriated by rent seekers and that the introduction of rent seeking moves the model in the right direction vis-à-vis the data …