Rent Seeking and Inefficiencies Resulting from Pecuniary Externalities

Posted: 22 Oct 2011

See all articles by Dwight Lee

Dwight Lee

University of Georgia - C. Herman and Mary Virginia Terry College of Business - Department of Economics

Date Written: November 2011

Abstract

We argue that pecuniary externalities are subject to rent seeking and hence must be accounted for in some fashion when one analyzes public projects and policies. We illustrate this point using the example of fairtrade and the compensation of indigenous workers.

Suggested Citation

Lee, Dwight, Rent Seeking and Inefficiencies Resulting from Pecuniary Externalities (November 2011). Available at SSRN: https://ssrn.com/abstract=1947711 or http://dx.doi.org/10.1111/j.1467-6435.2011.00521.x

Dwight Lee (Contact Author)

University of Georgia - C. Herman and Mary Virginia Terry College of Business - Department of Economics ( email )

Athens, GA 30602-6254
United States

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