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  1. Rent-seeking

    Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth. Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, stifled competition, reduced wealth creation, lost government revenue, heightened income inequality, risk of growing corruption and cronyism, decreased public trust in institutions, and potential national decline. Successful capture of regulatory agencies to gain a coercive monopoly can result in advantages for rent-seekers in a market while imposing disadvantages on their uncorrupt competitors. This is one of many possible forms of rent-seeking behavior. Wikipedia

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  2. en.wikipedia.org

    Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth. [1] Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, stifled competition, reduced wealth creation, lost government revenue, heightened income inequality, [2 ...
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  4. jpia.princeton.edu

    The "profit share" is implicitly the opportunity cost of rent-seeking on society; it is income neither distributed to labor for work, nor to the future productive potential of the economy, but captured by the most wealthy and powerful segments of society for the purposes of furthering their wealth and power.
  5. socialstudieshelp.com

    Oct 20, 2024What makes rent-seeking particularly detrimental is that it often leads to inefficient allocation of resources, reduction in overall economic welfare, and can exacerbate income inequality. The concept of rent-seeking was first introduced by economist Gordon Tullock in 1967, and later popularized by Anne Krueger in the 1970s.
  6. rent seeking is that productive resources are diverted toward appropriative activities, resulting in a misallocation of resources in the economy. Rent-seeking activities, such as ... positions with the power to allocate supposedly free water to farmers, since these jobs gave them monopoly rights to charge for water. In many developing countries ...
  7. One consequence of such rent seeking is that productive resources are diverted toward appropriative activities, resulting in a misallocation of resources in the economy. Rent-seeking activities, such as corruption and tax farming, can reduce ... purchasing political power and influence. Political markets in the real world involve significant ...
  8. pmc.ncbi.nlm.nih.gov

    Rent-seeking behavior is when individuals or firms acquire above-market returns by exercising economic and political power. ... financial, and political investment. Instructors use the results to highlight distinctions between productive and nonproductive activities, and ways in which individual firm incentives may differ from socially optimal ...
  9. corporatefinanceinstitute.com

    Rent-seeking doesn't tend to increase productivity in the economy. On the other hand, it can be an easier alternative to production for the purpose of obtaining financial benefits. ... The corrupt politicians utilize their bureaucratic power to engage in rent-seeking activities. In order to gain certain benefits, the rent-seekers may bribe ...
  10. on rent seeking. Theorists of rent seeking and "directly unproductive" expendi-ture (DUP) argue that the competitive pursuit of monopoly profits or regulato-ry transfers is necessarily wasteful because it uses real resources without creat-ing wealth. This is analogous to the classical view that certain types of labor,
  11. supermoney.com

    Mar 20, 2024In the realm of economics, the term "rent seeking" holds significant weight.This practice involves the pursuit of economic gains without corresponding contributions to productivity. Through this article, we will delve into the intricacies of rent seeking, its underlying principles, real-world examples, and the consequences it bestows upon economies and societies.

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