Rent Seeking and Endogenous Income Inequality /
This paper studies the relationship between wealth inequality and occupational choice between rent-seeking and production. With imperfect credit markets and a fixed cost to rent-seeking, only wealthy agents choose to engage in rent-seeking as it enables them to protect their wealth from expropriatio...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2001.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2001/015 |
| On-line přístup: | Full text available on IMF |