Article ID Journal Published Year Pages File Type
5061331 Economics Letters 2009 4 Pages PDF
Abstract

This paper investigates the role of the institutional environment on economic performance when the state intervenes to correct market failure. Results demonstrate that in the presence of weak institutions rent-seeking plays a crucial role for achieving second best resources allocation.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Rent-seeking under a weak institutional environment
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