Tullock's paradox

GPTKB entity

Statements (15)
Predicate Object
gptkbp:instanceOf economic paradox
gptkbp:describes the observation that the cost of rent-seeking is often much less than the potential gains from rent-seeking
gptkbp:explains why rent-seeking expenditures are often lower than the value of the rents themselves
gptkbp:field public choice theory
rent-seeking
gptkbp:firstDescribed The Welfare Costs of Tariffs, Monopolies, and Theft (1967)
https://www.w3.org/2000/01/rdf-schema#label Tullock's paradox
gptkbp:namedAfter gptkb:Gordon_Tullock
gptkbp:proposedBy gptkb:Gordon_Tullock
gptkbp:relatedTo public choice
rent-seeking
economic incentives
gptkbp:type economists studying rent dissipation
gptkbp:bfsParent gptkb:Tullock_paradox
gptkbp:bfsLayer 7