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This paper is a comparative analysis of social welfare under the conditions of relative investment of rent-seeking, other profit-seeking, and simultaneous mixed wasteful investment undertaken under un...certainties of the future. It shows that a clearer Cournot-Nash equilibrium of Pareto-inferior results due to a generation of social loss rather than social surplus in investment in the wasteful sectors in competition with identical agents in society.続きを見る
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Mendeley出力
