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Lawsuits aren't always rent seeking sometimes they are necessary economic activities. Economic models can be poor when they (implicitly) define redress for ill
by TimPC 9y ago
Lawsuits aren't always rent seeking sometimes they are necessary economic activities. Economic models can be poor when they (implicitly) define redress for illegal actions as rent-seeking behaviour, and cutting a competitors cables as valid economic activity -- for example the lawsuit against Comcast that alleges driving a competitor out of business with malicious construction.