Definitions from Wiktionary (Tullock paradox)
▸ noun: (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.
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▸ noun: (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.
Similar:
paradox of thrift,
Ellsberg paradox,
turbo-capitalism,
timocracy,
invisible hand,
Pollyanna creep,
trickle-down hypothesis,
fraudonomics,
trickle down hypothesis,
contractarianism,
more...
Opposite:
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