North, Douglass C.; Wallis, John Joseph; Webb, Steven B.; … - 2007
will is necessary to sustain
7
thriving competition in both politics and economics. In politics, competition arises at …, constituencies, and regions that vie for political influence. In economics, competition
arises from organized firms. Competition in … Tullock 1980).
iii
Normative economics, the principal component of the traditional
approach to development, also falls in …