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Behavioral symmetry, rent seeking, and the Republic of Science
Public Choice, 2020Scientific inquiry, like all other human activity, cannot be separated from the humans conducting the inquiry. While public discourse often treats science as sacrosanct and scientists as devoid of any but the purest motives, the science of science literature has long understood scientific inquiry as a fundamentally social activity undertaken by self ...
Diana W. Thomas, Michael D. Thomas
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Price controls and rent-seeking behavior in developing countries
World Development, 1989Abstract When the price of a good is controlled, a nonprice allocation rule must necessarily be substituted for allocation by price. Examples are first come-first served allocation, which gives rise to rationing by waiting, and allocation by an explicit system of ration coupons.
Robert T. Deacon, Jon Sonstelie
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Characterizing equilibrium rent-seeking behavior: A reply to Tullock
Public Choice, 1987Rent-seeking contests can have different rules for designating the successful rent seeker. We have investigated the case where the rule is that the successful rent seeker is the contender who has made the greatest outlay in the rentseeking quest (Hillman and Samet, this issue). It is well-known that for such contests there exists no Nash equilibrium in
Arye L. Hillman, Dov Samet
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Rent-Seeking Behavior in the Long Run
1988The original work on rent-seeking conjectured that rent-seeking expenditures would completely dissipate the rent sought (Posner, 1975; Becker, 1968). Presently it appears to be accepted as a fundamental tenet in spite of the lack of knowledge of how such a result would come about (Demsetz, 1976; Foster, 1981).
William J. Corcoran, Gordon V. Karels
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Rent Seeking Behavior in Transition Countries: The Case of Romania
International Advances in Economic Research, 2006This paper points out, in the changing institutional setting of transition in Romania, Some relevant factors influencing economic actors to behave in a way that pushes them to devote resources to unproductive goals, rather than to embark on activities that add economic and social value. The theoretical insights offered in the literature of rent seeking
Ileana Tache, Dorin Lixandroiu
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Efficient rents 1 rent-seeking behavior in the long-run
Public Choice, 1985We have analyzed long-run behavior in rent-seeking under several conditions and behavioral hypotheses. The question of interest is whether or not the long-run expenditures will exactly equal the value of the rents. Our results depend on the type of competitive response which is assumed to exist in the long-run and on the r-value governing the ...
William J. Corcoran, Gordon V. Karels
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A generalized model of rent-seeking behavior
Public Choice, 1993In this paper I present a formal analysis of rent-seeking games in which the players' valuations for the prize are represented as vectors. The players in this game are risk neutral and may not be indifferent to who wins the contestable rent if it is someone else. Both Tullock's original rent-seeking model and the public goods rent-seeking model by Katz
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Innovation or Rentāseeking: The Entrepreneurial Behavior during China's Economic Transformation
China & World Economy, 2008AbstractAlthough achieving impressive economic growth during the economic reform period, China has been plagued by rampant corruption and a widening income gap. How can the coexistence these two phenomena be explained? In this paper, we argue that before 1994, the coexistence was induced by a series of expediential institutional arrangements to ...
Jinglian Wu, Shaoqing Huang
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The Game Analysis of Rent-Seeking Behavior in the Public Project
Applied Mechanics and Materials, 2011Rent-seeking behavior in the public project is a problem which the construction administrative departments at all levels always attach great importance to. This paper analyzed the causes and harms of rent-seeking behavior in the public project. At the same time, according to the hypothesis that supervision department can drive its right impartially ...
Kai Jiang, Ying Peng, Yu Shui Chen
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Commons, Regulation, and Rent-Seeking Behavior: The Dilemma of Pakistan's "Guzara" Forests
Economic Development and Cultural Change, 1993curred over the past 120 years. These forests, known locally as guzara forests, can be characterized as "regulated commons." The regulation, by placing quantitative restrictions on felling, aimed at an orderly exploitation of these forests. On the surface, the failure of regulation seems to be a simple case of enforcement failure.
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