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Rent-Seeking and X-Inefficiency

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  • McNutt, Patrick A

Abstract

This paper discusses the social cost of monopoly with special attention given to the geometric representation of that social cost, notably rent-seeking and X-inefficiency. The possibilit y of an overlap between these two measures is examined. In particular, the paper addresses a problem of measure identification that highlights the need to reconsider the normative microfoundations of rent-seeking. Copyright 1993 by Kluwer Academic Publishers

Suggested Citation

  • McNutt, Patrick A, 1993. "Rent-Seeking and X-Inefficiency," Public Choice, Springer, vol. 75(4), pages 371-378, April.
    • Handle: RePEc:kap:pubcho:v:75:y:1993:i:4:p:371-78
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    Cited by:

    1. Fernando Antonio Slaibe Postali, 2016. "Oil windfalls and X-inefficiency: evidence from Brazil," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 43(5), pages 699-718, October.
    2. P. Hägg, 1997. "Theories on the Economics of Regulation: A Survey of the Literature from a European Perspective," European Journal of Law and Economics, Springer, vol. 4(4), pages 337-370, December.

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