Abstract
Some time ago I accidentally stumbled on a paradox. I stumbled on it in the context of rent seeking, but with time I realized it has wider implications. Specifically where ever there is competitive entry into a profit-making situation then it would appear to fit my model. My model is interesting because there is no real equilibrium.
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© 2001 Springer Science+Business Media New York
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Tullock, G. (2001). Introduction. In: Lockard, A.A., Tullock, G. (eds) Efficient Rent-Seeking. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-5055-3_1
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DOI: https://doi.org/10.1007/978-1-4757-5055-3_1
Publisher Name: Springer, Boston, MA
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