Mcledo, Ross H - Crawford School of Public Policy, Australian National … - 2008
prospered by generating rents that could be harvested by, and shared with, insider firms, and by extorting payments from … of 'private taxation' from which it prospers eventually becomes intolerable; rents are diluted as franchise membership is … discipline declines as members compete for larger shares of the rents. The float of the Thai baht in 1997 merely provided the …