Aidt, T.; Hillman, A. - Faculty of Economics, University of Cambridge - 2008
, or may disappear because of deregulation. The present value of a contested rent measures the social cost of rent seeking …, irrespective of imperfect rent protection and the prospect of deregulation. Rent seeking is discouraged by the inability of …, lasting deregulation can preempt a substantial fraction of the potential rent seeking cost. …