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Paperback Black Hole Tariffs and Endogenous Policy Theory Book

ISBN: 0521377005

ISBN13: 9780521377003

Black Hole Tariffs and Endogenous Policy Theory

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Format: Paperback

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Book Overview

This book provides a special interest theory of protection, developing a full general equilibrium theory that explains the distribution of income with goods markets, factor markets, lobbies, political parties, and voters all pursuing their self interest. This probabilistic voting model shows how well-organized groups can use seemingly irrational government policies to exploit poorly organized groups. Given rational predatory behavior between these...

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