The welfare costs of tariffs, monopolies, and theft
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The dominant neoclassical approach to economic rents strongly influences policy thinking.
“One explanation lies with the dominant, neoclassical approach to economic rents which strongly influences policy thinking”
From Mapping modern economic rents: the good, the bad, and the grey areas (2023) · cites this paper as Tullock, 1967
The rent-seeking theory argues that the deadweight costs of monopoly and tariffs understated the true social cost because they neglected the expenditures made to capturing related rents.
“The rent-seeking theory argues that the deadweight costs of monopoly and tariffs understated the true social cost because they neglected the expenditures made to capturing related rents”
From Mapping modern economic rents: the good, the bad, and the grey areas (2023) · cites this paper as Tullock, 1967
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Elert, N., & Henrekson, M. (2016) · Small Business Economics · doi:10.1007/s11187-016-9725-x · Cited by 114 · see citing works
Mapping modern economic rents: the good, the bad, and the grey areas
Mazzucato, M., Ryan-Collins, J., & Gouzoulis, G. (2023) · Cambridge Journal of Economics · doi:10.1093/cje/bead013 · Cited by 54 · see citing works
- Authors
- TULLOCK, G.
- Affiliations
- Rice University (US)
- Corresponding author
- TULLOCK, GORDON
- Venue
- Economic Inquiry
- Publisher
- Wiley
- Published
- 1967-06
- Volume
- 5
- Issue
- 3
- Pages
- 224-232
- ISSN
- 0043-3640 (ISSN-L)
- 0095-2583
- 1465-7295
- OpenAlex
- W2092793969
- Cited by
- 2,963
- References
- 0
- Citations by year
- 2026: 54 · 2025: 82 · 2024: 84 · 2023: 85 · 2022: 109 · 2021: 139 · 2020: 134 · 2019: 167 · 2018: 131 · 2017: 84 · 2016: 132 · 2015: 92 · 2014: 109 · 2013: 90 · 2012: 88
- FWCI
- 13.23
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Economic Inquiry (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Global trade and economics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Legal and Constitutional Studies
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Merger and Competition Analysis
- Keywords
- welfare costs, tariffs, monopoly, theft, trade barriers, monopoly profits
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