TY  - JOUR
AU  - Grossman,Herschel I.
TI  - Producers and Predators
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6499
PY  - 1999
Y2  - June 1999
UR  - http://www.nber.org/papers/w6499
L1  - http://www.nber.org/papers/w6499.pdf
N1  - Author contact info:
Herschel Grossman
Department of Economics
Box B
Brown University
Providence, RI  02912
Tel: 401/863-2606
Fax: 401/863-1970
AB  - This paper explores a series of general-equilibrium models in which people can choose to be either producers or predators, and in which producers can allocate their resources either to production or to guarding their production against predators. The analysis shows how the ratio of predators to producers and the social cost of predation depend on the technology of predation, on the interpersonal distribution of productive resources, and in an fundamental way on whether the decision to allocate resources to guarding against predators is made individually or collectively.
ER  -