On the Effects of Factor Mobility on Local Infrastructure Policy and Rent-seeking |
Common terms and phrases
absolute weight asymmetric rent-seeking August benefit of rent-seeking capital intensity capital mobility closed jurisdiction derived Dezember dG dG different households benefit Effects of Factor equal equilibrium infrastructure level equilibrium level equilibrium rent-seeking expenditures factor mobility factor prices following first order group of land-abundant household an incentive household groups immobile factor land income of land-poor increasing infrastructure level influence of capital influence of factor influence of rent-seeking influence policy infrastruc infrastructure policy interest groups introduction of capital Januar KIEL WORKING PAPERS land endowment land rent land-abundant households land-poor households seek level of infrastructure level of rent-seeking marginal benefit marginal influence marginal product n₁ order condition Policy and Rent-Seeking political weight price of capital private factors production function public infrastructure rent-seeking activities rent-seeking equilibrium returns to scale right-hand-side rising infrastructure level second stage seek to influence September 1997 small open jurisdiction symmetric equilibrium underprovision vergriffen