This article examines Azerbaijan's economic performance in 2024 and provides projections for 2025, highlighting key challenges and potential opportunities. Despite expectations for reform, 2024 was marked by persistent inflation, currency pressures, and declining investments, underscoring the...

We study the rent-seeking phenomenon using a simple, static general equilibrium model. The economy consists of two sectors, both employing a constant returns-to-scale technology with labor as its sole input. One of the sectors is a monopoly, where a continuum of agents compete for a share of...