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Gordon Tullock is recognized for being the first to recognize the true costs of rent-seeking as including not only the Harberger triangle but also the Tullock rectangle. This rectangle does not constitute merely a lossless transfer of wealth, but it causes a misallocation of resources as...
Persistent link: https://www.econbiz.de/10011234836
Romania has progressed, to a certain extent, in the last ten years, on the road from a centrally planned economy to a market-based economic system. However, after joining the EU, the transformation of the Romanian economy has almost entirely ceased. This paper examines some causes of stagnation...
Persistent link: https://www.econbiz.de/10010965612
Persistent link: https://www.econbiz.de/10010988944
This paper considers the status of economic reform in India, to understand which further reforms might be desirable … undertaken, the paper attempts to understand the political economy of the process of economic reform in India, and how that … process plays out with respect to different sectors of the economy, or different areas of potential economic reform. The …
Persistent link: https://www.econbiz.de/10008490567
This paper reviews public choice theories of interest groups.
Persistent link: https://www.econbiz.de/10005412468
Based on the political support function model by Hillman (1982), we consider the choice of policy instruments in environmental regulation. More specifically, we extend the Hillman model so that it can incorporate the connection between the relative strength of lobby groups, the chosen level of...
Persistent link: https://www.econbiz.de/10005642094
Real life implies that public procurement contracting of renewable resources results in repeated interaction between a principal and the agents. The present paper analyses ratchet effects in contracting of renewable resources and how the presence of a resource constraint alters the...
Persistent link: https://www.econbiz.de/10005642108
This paper critically reviews the impact of globalization on sub-Saharan Africa (SSA) since the early 1980s. The large gains expected from opening up to international economic forces have, to date, been limited, and there have been significant adverse consequences. Foreign direct investment in...
Persistent link: https://www.econbiz.de/10008855234
explanatory variables of resource rents, education, and aid, distinguishing between finance and technical assistance. Overall, we … intervention can radically shorten state failure, whereas additional finance, whether from aid or resource rents, has the opposite …
Persistent link: https://www.econbiz.de/10010770221
negative perceptions of economic conditions and reform efforts. Other demographic markers such as gender or provincial origin … the respondents were unaware of the humanitarian aid program and the ones who knew of it almost universally did not …
Persistent link: https://www.econbiz.de/10005760878