This paper incorporates the economic theory of predation into the theory of economic growth. The analytical framework … current generation of the prey dynasty chooses to tolerate predation rather than to deter predation. We also find that over … generation of the prey dynasty will find that with predation its property is so insecure it is better off increasing its …

This paper incorporates the economic theory of predation into the theory of economic growth. The analytical framework … current generation of the prey dynasty chooses to tolerate predation rather than to deter predation. We also find that over … generation of the prey dynasty will find that with predation its property is so insecure it is better off increasing its …

it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …