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My role in connection with the efficient rent-seeking model (Tullock 1980) is, I think, a rather ill-omened one. I began the discussion by inventing a model with an apparent paradox. The market does not clear even with free entry and competition. There have been a number of efforts to deal with this problem (Corcoran, 1984; I commented on it in the same issue, pp. 95–98). Corcoran and Karels (1985) and Higgins, Shughart, and Tollison (1985) are further efforts to solve the problem.
[1] W. Shughart,et al. Free Entry and Efficient Rent-Seeking , 1988 .
[2] Long-run equilibrium and total expenditures in rent-seeking , 1984 .
[3] W. J. Corcoran,et al. Efficient rents 1 rent-seeking behavior in the long-run , 1985 .
[4] W. Shughart,et al. Efficient rents 2 free entry and efficient rent seeking , 1985 .
[5] R. Tollison,et al. Toward a theory of the rent-seeking society , 1982 .