There is a "trust trap" that impedes a reversal in the growth of rent-seeking
government and the decline in trust.
Following his death last November at age 92, others commented extensively on his most recognized contributions to economics: his joint work with James Buchanan on The Calculus of Consent, the rent-seeking
model, and the transitional gains trap.
Concentrated, moneyed interests, represented by those in control of the country's largest business corporations, are increasingly able to turn law into a lottery, reducing law's predictability, impairing property rights, and increasing the share of the economy devoted to rent-seeking
rather than productive activity.
In Toward a Theory of the Rent-Seeking
Society, edited by James M.
The result is a riot of rent-seeking
as entrenched interests construe judicial passivity as permission to stifle competition.
The increasing production of shale oil and gas in the United States (US), which has drastically affected US imports of Nigerian crude oil and liquefied natural gas (LNG), will ultimately transform the economy of Nigeria from rent-seeking
, rent-sharing, and hard-currency driven economy to a value added prone economy, said Wumi Iledare, president of International Association for Energy Economics (IAEE).
The banking system is in a critical situation, bordering alarm," Vice President Jahangiri said, blaming the rise in bad debt on an "upsurge in rent-seeking
," a major bugaboo in Iran.
A few reasons of particular vulnerability for commodity-dependent economies should be mentioned when it comes to rent-seeking
It has also been argued that an increase in government size creates more opportunity for rent-seeking
and corruption (see, e.
To capture this notion, we redefine production function specified in Equation (1) by including rent-seeking
activities that act as a distortion in the production process.
Since its founding in 1887 as Chimera Global Holdings, the company has been recognized as a trailblazing pioneer in the fields of regulatory capture and rent-seeking
Dr Wilson said that economics and competition literature talk about the behaviour of market players, that is, buyers and sellers; the elements of cartelisation; possibility of a refusal to deal on unnecessary grounds; the possibility of rent-seeking
by a monopolist or dominant players.