Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
From my experience and research, most are caused by bad states. Of course this does not negate that private individuals could rent seek from the government for private gains.

Just as most of the grain that goes to North Korea ends up with the rich. At least one organization started providing wheat cakes. Wheat cakes are an Inferior good for Korean consumers. Thus they end up in the black market for a cheap price and the highly nutritious wheat cakes end up with the poor having at least some access to some basic nutritional foodstuffs.

Rutherfordian ------------------------------ RDRutherford

by Ronald Rutherford (rdrradio1 -at- msn -dot- com) on Thu Apr 17th, 2008 at 07:11:57 PM EST
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