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(DP 1993-07) Rent Intensity and Economic Performance
UPSE Discussion Papers
View Archive Info| Field | Value | |
| Title |
(DP 1993-07) Rent Intensity and Economic Performance
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| Creator |
Fabella, Raul V.
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| Description |
Using the share society as a metaphor for the economic system, we construct a microfoundation for stylized observations about rent seeking and economic performance. We introduce the concept of rent intensity and show that a symmetric Cournot-Nash equilibrium it falls as value-adding productivity rises, rises with rent seeking reward and with number of participants. A rudimentary dynamic counterpart is constructed which delivers progressive impoverishment as population grows.
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| Publisher |
UPSE Discussion Papers
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| Contributor |
—
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| Date |
2010-08-28
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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/dp/index.php/dp/article/view/199
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| Source |
UPSE Discussion Papers; 1993
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| Language |
eng
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| Relation |
http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/199/272
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