Aidt, Toke S.; Hillman, Arye L. - In: European Journal of Political Economy 24 (2008) 3, pp. 545-553
Rent seeking is often studied with reference to a contemporaneous rent evaluated at a point in time. We study the social cost of rent seeking when rents endure over time, but may have to be re-contested because of imperfect rent protection, or may disappear because of deregulation. The present...