While concentration can lead to rent seeking, rent-seeking can also lead to concentration.
Worried About Concentration? Then Worry About Rent-Seeking
Brink Lindsey, vice president for research at the Cato Institute, and Steven M. Teles | associate professor of political science at Johns Hopkins University and a senior fellow at the Niskanen Center
ht Mark Thoma at Economist's View
1 comment:
Look at what it has led to in Venezuela....
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