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Rent-Seeking
(redirected from Rent seeking)

    Also found in: Wikipedia 0.01 sec.
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
protecting property rights, reducing transaction costs, discouraging rent seeking, and guaranteeing political checks and balances.
Corrupt circles; a history of unbound graft in Peru by Reference & Research Book News
There are those in the media and opposition parties who show tendencies towards rent seeking.
Ethiopia's ruling party to hold its 7th convention by Sudan Tribune (Sudan)
 
 
 
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