Gürtler, Oliver - Volkswirtschaftliche Fakultät, … - 2006
In this paper, a formal rent-seeking theory of the firm is developed. The main idea is that integration (compared to … non-integration) facilitates rent-seeking for the integrating party, but makes it harder for the integrated one. In a one …-period model, this implies that the rent-seeking contest becomes more uneven and the parties rent-seek less. Here, integration is …