Since 2014
Rent Intensity and Economic Mediocrity
Philippine Review of Economics
View Archive Info| Field | Value | |
| Title |
Rent Intensity and Economic Mediocrity
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| Creator |
Fabella, Raul V.; Professor of Economics, School of Economics, University of the Philippines Diliman; Deputy Director General, National Economic and Development Authority
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| Subject |
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| Description |
Using the share society as a metaphor for the economic system, we construct a microfoundation for the stylized observations about rent-seeking and economic performance. We introduce the concept of rent intensity and show that at symmetric Cournot-Nash equilibrium it falls as value-adding productivity rises, rises with rent-seeking reward and with number of participants. Finally, average output falls with population growth where rent-seeking overwhelms increasing return to scale.
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| Publisher |
Philippine Review of Economics
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| Contributor |
—
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| Date |
2010-09-23
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/130
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| Source |
Philippine Review of Economics; Vol 31, No 2 (1994)
1655-1516 |
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| Language |
eng
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| Relation |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/130/453
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| Rights |
Copyright (c) 2018 Philippine Review of Economics
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