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PRODID:-//Indira Gandhi Institute of Development Research - ECPv4.1.2//NONSGML v1.0//EN
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X-WR-CALNAME:Indira Gandhi Institute of Development Research
X-ORIGINAL-URL:http://www.igidr.ac.in
X-WR-CALDESC:Events for Indira Gandhi Institute of Development Research
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DTSTART;TZID=Asia/Kolkata:20170329T103000
DTEND;TZID=Asia/Kolkata:20170329T113000
DTSTAMP:20260410T200723
CREATED:20170329T043740
LAST-MODIFIED:20170329T100851
UID:4319-1490783400-1490787000@www.igidr.ac.in
SUMMARY:Seminar : Rent-seeking Induced Inequality Traps by Dr. Mayuri Chaturvedi (University of California-Irvine)
DESCRIPTION:Dr. Mayuri Chaturvedi (University of California-Irvine) will be presenting a seminar tomorrow (March 29\, 2017) at 10.30 A.M. at SEANZA Conference Hall\n\nTitle: "Rent-seeking Induced Inequality Traps". \n\nAbstract: Does inequality affect rent seeking and vice-versa? Social scientists have argued that inequality fosters rent seeking and that rent seeking is likely to reinforce existing inequalities.​ ​In this paper\, I formalize these inter-linkages by modeling rent seeking in an unequal endowment economyand analyze the conditions under which an inequality trap would exist. I find that when the costs are exogenous\, more inequality fosters a greater proportion of rentiers which in turn perpetuates existing inequities. When costs are adjusted to maximize revenue\, the proportion of rentiers shrinks. However\, both the cost of rent seeking and ex-post inequality increase. The results show how economies can end up in inequality traps under very weak conditions in the presence of rent seeking.  
URL:http://www.igidr.ac.in/seminars/seminar-rent-seeking-induced-inequality-traps-dr-mayuri-chaturvedi-university-california-irvine/
LOCATION:IGIDR\, Mumbai\, Maharashtra\, India
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