Abstract
MOST of the papers in this volume* implicitly or explicitly assume that rent-seeking activity discounts the entire rent to be derived. Unfortunately, this is not necessarily true; the reality is much more complicated. The problem here is that the average cost and marginal cost are not necessarily identical.
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© 2001 Springer Science+Business Media New York
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Tullock, G. (2001). Efficient Rent Seeking. In: Lockard, A.A., Tullock, G. (eds) Efficient Rent-Seeking. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-5055-3_2
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DOI: https://doi.org/10.1007/978-1-4757-5055-3_2
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