Wednesday, May 29, 2013

What Happens when you try to give away money?

Prof. Newmark provides a nice set of examples and varieties of rent-seeking.  Well linked, sir.

The video version of my own effort:

1 comment:

Jon P said...

This is illuminating.

I had thought that rent-seeking was primarily kind of a reverse of the "last mile" problem - where everyone in a chain realizes how critical they are to the benefits that come out of cooperation, and therefore raise their prices not because they're adding more value, but because they realize things won't be possible without them..