Rent-seeking behavior

Abstract

Whenever you have a situation in which a person or group is in power over a community, some in the community will seek to obtain special favors at the expense of all others in the community. We are all familiar with this situation from our school days where some students would seek special favors -- like a high grade -- at the expense of the other students. Such behavior in the political/economic world is called..

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2009-01-28

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Leon Felkins
University of Memphis

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