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Rent-Seeking and the Privatization of the Commons
Citation
Brooks, MA and Heijdra, B, Rent-Seeking and the Privatization of the Commons, European Journal of Political Economy, 6, (1) pp. 41-59. ISSN 0176-2680 (1990) [Refereed Article]
DOI: doi:10.1016/0176-2680(90)90035-H
Abstract
In this paper a small two sector model is developed and used to analyze the private versus common property debate in the presence of resource-using rent-seeking. We are able to demonstrate that, in contrast to the existing literature, there may be a gain associated with privatization even when rent-seekers spend all the scarcity rent on the lobbying activity. We also challenge the traditional result which states that privatization will necessarily lead to a reduction in the rate of renumeration to the mobile factor.
Item Details
| Item Type: | Refereed Article |
|---|---|
| Research Division: | Economics |
| Research Group: | Applied Economics |
| Research Field: | Welfare Economics |
| Objective Division: | Economic Framework |
| Objective Group: | Microeconomics |
| Objective Field: | Microeconomics not elsewhere classified |
| Author: | Brooks, MA (Associate Professor Michael Brooks) |
| ID Code: | 39865 |
| Year Published: | 1990 |
| Deposited By: | Economics and Finance |
| Deposited On: | 2006-07-06 |
| Last Modified: | 2011-08-30 |
| Downloads: | 0 |
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