Rent-seeking and resource booms

被引:187
作者
Baland, JM
Francois, P
机构
[1] Univ Namur, CRED, Dept Econ, B-5000 Namur, Belgium
[2] Queens Univ, Dept Econ, Kingston, ON K7L 3N6, Canada
[3] Tilburg Univ, Dept Econ, NL-5000 LE Tilburg, Netherlands
[4] Univ Melbourne, Dept Econ, Parkville, Vic 3052, Australia
关键词
rent-seeking; entrepreneurship; resource booms;
D O I
10.1016/S0304-3878(00)00067-5
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper develops a model of rent-seeking in which the opportunity cost of rent-seeking is foregone entrepreneurship. It provides conditions under which resource booms tend to lead to an increase in rent-seeking activity and those in which they induce entrepreneurship. We identify an important difference between the two activities which leads resource booms to bias gains in favour of rent-seeking over entrepreneurship. But we also show that this bias depends on the nature of the initial equilibrium. (C) 2000 Elsevier Science B.V. All rights reserved. JEL classification: O1; O4.
引用
收藏
页码:527 / 542
页数:16
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