The Political Economy of Rent-Seeking
Published on 31. January 1988
Book
Hardback
XVI, 492 pages
978-0-89838-241-9 (ISBN)
Description
It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com plexion. It is not surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm.
More details
Series
Edition
1988
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Research
Illustrations
XVI, 492 p.
Dimensions
Height: 241 mm
Width: 160 mm
Thickness: 32 mm
Weight
928 gr
ISBN-13
978-0-89838-241-9 (9780898382419)
DOI
10.1007/978-1-4757-1963-5
Schweitzer Classification
Other editions
Additional editions
Charles Rowley | Robert D. Tollison | G. Tullock
The Political Economy of Rent-Seeking
E-Book
04/2013
Springer
€213.99
Available for download
Charles Rowley | Robert D. Tollison | G. Tullock
The Political Economy of Rent-Seeking
Book
12/2010
Springer
€213.99
Shipment within 15-20 days
Content
I Perspectives.- 1 Introduction.- 2 Rent-Seeking Versus Directly Unproductive Profit-Seeking Activities.- 3 In Search of Rent-Seeking.- 4 Rents and Rent-Seeking.- II Theoretical Developments.- 5 The Social Costs of Monopoly and Regulation: A Game-Theoretic Analysis.- 6 Risk-Averse Rent Seekers and the Social Cost of Monopoly Power.- 7 Efficient Rent-Seeking Revisited.- 8 Long-Run Equilibrium and Total Expenditures in Rent-Seeking.- 9 Long-Run Equilibrium and Total Expenditures in Rent-Seeking: A Comment.- 10 Rent-Seeking Behavior in the Long-Run.- 11 Free Entry and Efficient Rent-Seeking.- 12 Back to the Bog.- 13 Life Among the Triangles and Trapezoids.- III Applications.- 14 Dispelling the Disinterest in Deregulation.- 15 Rent Extraction and Rent Creation in the Economic Theory of Regulation.- 16 Ideology, Interest Groups, and the Repeal of the Corn Laws.- 17 Rent-Seeking and Trade Protection.- 18 Voters as Investors: A Rent-Seeking Resolution of the Paradox of Voting.- 19 Committees and Rent-Seeking Effort.- 20 Government and its Bureaucracy: A Bilateral Bargaining Versus a Principal-Agent Approach.- 21 Demand-Revealing, Transfers, and Rent-Seeking.- 22 Competing for Aid.- 23 Managerial Rents and Outside Recruitment in the Coasian Firm.- 24 Optimal Taxation in a Rent-Seeking Environment.- 25 Rent-Seeking and Its Implications for Pollution Taxation.- 26 Privatizing the Commons: An Improvement?.- 27 Corporate Chartering: An Exploration in the Economics of Legal Change.- 28 Why Did the Industrial Revolution Occur in England?.- IV Toward Tomorrow.- 29 Agency, Economic Calculation, and Constitutional Construction.- 30 Rent-Seeking in Constitutional Perspective.- 31 Future Directions for Rent-Seeking Research.