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Rent-Seeking
(redirected from Rent Seeking Behavior)

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Rent-Seeking
The practice of an individual, company, or government attempting to make a profit without making a product, producing wealth, or otherwise contributing to society. For example, a company may seek subsidies from the government, which would count as income for that company. Likewise, a government may seek rent by seizing control of natural resources and charging citizens for use. Some rent seeking is legal, while others, such as some forms of blackmail, are not. Rent-seeking behavior is most common when the rent seeker is also a monopoly or has sufficient economic or political power to act as one. The concept was originated by Adam Smith.
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In addition it will reduce corruption and rent seeking behavior which is directed towards the resource sector, providing a more complex structure of the economic functioning of the country as well as more opportunities for the population to engage in business' (Kalyuzhnova, 2008).
Energy issues and challenges in emerging economies by Kalyuzhnova, Yelena / Comparative Economic Studies
The combination of the notion that agents for the school districts engage in rent seeking behavior and the increased costs for heterogeneous groups to engage in collective decision making (reflecting a more diverse set of preferences) support this hypothesis.
Diversity and school district spending by Mitias, Peter M. / Journal of Economics and Economic Education Research
The next section presents some evidence of rent seeking behavior in economics departments in Brazil.
Rent seeking in academia: The Consultancy disease by Faria, Joao Ricardo / American Economist
 
 
 
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