Series: IMF Working Papers
Author(s): Shankha Chakraborty , and Era Dabla-Norris
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2005
Keywords: probability, expropriation, equation, credit markets, increasing returns, Personal Income, Wealth, and Their Distributions, Models of Political Processes: Rent-seeking, Elections
This paper examines the relationship between rent seeking and economic performance when governments cannot enforce property rights. With imperfect credit markets and a fixed cost of rent seeking, only wealthy agent...