JLF’s good friend Mike Munger has a good essay on rent-seeking here.
Why would government officials spend more money on trying to land federal handouts than the amount of the handouts? Mike answers that and other questions about political behavior.
JLF’s good friend Mike Munger has a good essay on rent-seeking here.
Why would government officials spend more money on trying to land federal handouts than the amount of the handouts? Mike answers that and other questions about political behavior.