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1988
Rents are a perfectly good economic category and there is absolutely nothing in general against seeking them. If I were to invent and patent a cure for cancer and then became extremely wealthy by claiming rents on the patent, most people would regard me as a public benefactor. Nevertheless, “rent-seeking” is regarded as an unadulterated evil.
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Rents are a perfectly good economic category and there is absolutely nothing in general against seeking them. If I were to invent and patent a cure for cancer and then became extremely wealthy by claiming rents on the patent, most people would regard me as a public benefactor. Nevertheless, “rent-seeking” is regarded as an unadulterated evil.
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Rent-seeking, rent-defending, and rent dissipation
Public Choice, 1991A substantial portion of the research on rent-seeking addresses the issue of rent dissipation. This line of inquiry is drawn directly from Tullock’s (1967) stated intent to identify the total social costs of monopoly. Early studies, which were concerned with the measurement of Tullock costs, simply assumed dissipation would be complete (see Becker ...
Chris Paul, Al Wilhite
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A General Theory of Rent-Seeking: Rent Dissipating, Rent Keeping, and Rent-Seeking
2020As long as the value of various resources differs through their varied uses, the concept of “rent” can be deduced from the concept of land rent. This rent equals “income.” That said, when no exclusive right exists to the rent, regardless of whether naturally or artificially generated, the phenomenon of “rent dissipation” exists.
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Voprosy Ekonomiki, 2014
The Russian economy is in transition period “from plan to market”, which is characterized by immature institutions and expansion of rent-seeking behavior. In this article, the authors consider rent as a possible excess return above the minimum income needed to encourage an agent to implement the actions specified by the principal.
M. Levin, G. Satarov
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The Russian economy is in transition period “from plan to market”, which is characterized by immature institutions and expansion of rent-seeking behavior. In this article, the authors consider rent as a possible excess return above the minimum income needed to encourage an agent to implement the actions specified by the principal.
M. Levin, G. Satarov
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Bargaining and rent seeking [PDF]
, 2012 We study a Baron-Ferejohn (1989) type of bargaining model to which we append an investment stage. As long as no agreement is reached, a new proposer is selected randomly from the player set. A proposal is accepted if at least q players accept it. Prior to the bargaining stage, players may make investments to increase their recognition probabili- ties ...
Haruo Imai +1 more
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Committees and Rent-Seeking Effort
Journal of Public Economics, 1984Committees are widely used by nearly all social organizations as a means of developing and implementing policies that often have clear distributive implications. Applications range from academic committees responsible for conferring minor student awards to corporate, congressional, and party committees responsible for decisions that have substantial ...
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