Tullock paradox

English

Etymology

Described by Gordon Tullock.

Proper noun

Tullock paradox

  1. (economics) The apparent paradox that a rent seeker wanting political favours can bribe politicians at a cost much lower than the value of the favour to the rent seeker.

Translations

This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.