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...
| Hovedforfatter: | |
|---|---|
| Andre forfattere: | |
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2001.
|
| Serier: | IMF Working Papers; Working Paper ;
No. 2001/015 |
| Online adgang: | Full text available on IMF |