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Transitional gains and rent extraction |
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| Authors: | Holcombe Randall G. |
| Affiliation: | 1.Department of Economics, Florida State University, Tallahassee, FL, 32306, USA ; |
| Abstract: | Public Choice - Tullock (Bell J Econ 6:671–678, 1975) described a transitional gains trap in which the present value of rents is capitalized in the value of an asset required to get the... |
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