Kräkel, Matthias - In: Journal of Institutional and Theoretical Economics (JITE) 164 (2008) 2, pp. 343-355
This paper discusses the interrelation between the choice of technology and rent seeking. First, the players have to … decide on the purchase of a technology. If the technology is acquired, realized profits are distributed via a rent … excessive rent seeking. The results are applied to the empirical findings on differences in income and total factor productivity …