An alternative analysis of the effects of energy prices on energy consumption in the Soviet Union
In: Soviet studies: a quarterly review of the social and economic institutions of the USSR, Band 31, Heft 4, S. 581-584
ISSN: 0038-5859
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In: Soviet studies: a quarterly review of the social and economic institutions of the USSR, Band 31, Heft 4, S. 581-584
ISSN: 0038-5859
World Affairs Online
In: Kyklos: international review for social sciences, Band 26, Heft 1, S. 151-155
ISSN: 1467-6435
In: The American journal of economics and sociology, Band 51, Heft 4, S. 421-421
ISSN: 1536-7150
Abstract. Rent seeking involves the wasteful expenses incurred to secure, acquire, or maintain a monopoly position. Rent avoiding involves the expenditures undertaken to avoid the imposition of rent‐seeking costs. Each represents a social cost of Tullock rectangle loss in addition to the dead‐weight or Harberger triangle loss that combined to form the Harberger‐Tullock trapezoid social cost. The first Food Stamp Program in the United States came about through the rent‐seeking and/or rent‐avoiding efforts of farmers, grocers, bankers, and other economic agents and did not lead to the promotion of social welfare. The evidence of these self‐interested efforts was gleaned from articles in the New York Times and government documents. The first Food Stamp Program also fits the economic theory of regulation developed by Stigler, Jordan, Peltzman and others, and it involved imposed costs on economic agents as the program evolved.