Rent Seeking and Inefficiencies Resulting from Pecuniary Externalities
论证金钱外部性会引发寻租行为,因此在分析公共项目和政策时必须考虑这一因素,并以公平贸易和原住民工人补偿为例说明。
We argue that pecuniary externalities are subject to rent seeking and hence must be accounted for in some fashion when one analyzes public projects and policies. We illustrate this point using the example of fairtrade and the compensation of indigenous workers.