Predation and Accumulation
将掠夺的经济学理论融入经济增长理论,通过一个一般均衡模型分析潜在掠夺者与猎物两个王朝的互动,发现容忍掠夺的猎物王朝积累资本更快,而阻止掠夺的王朝积累更慢。
This article incorporates the economic theory of predation into the theory of economic growth. The analytical framework is a general-equilibrium model of the interaction between two dynasties: a potential predator and its prey. We find that the rate of accumulation of capital and the security of poverty are positively related only for generations of the prey dynasty that tolerate predation. Generations of the prey dynasty that choose to deter predation, even though their property is perfectly secure, accumulate productive capital more slowly than the preceding generations that tolerated predation. Copyright 1996 by Kluwer Academic Publishers