When is Rent-Seeking Wasteful?: A Critique of the Theory of Rent-Seeking

• 발행기관: 서울대학교 경제연구소
• 저자명: Ha-Joon Chang
• 간행물 정보: 『Seoul Journal of Economics』Seoul Journal of Economics Volume 4 No.1, 93~108쪽, 전체 15쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 1991.03.31

영문 초록

The paper examines the theory of rent-seeking (TRS) with an emphasis on the implications of different institutional settings for the efficiency consequences of rent-seeking, using Korea and Japan as examples. The first section summarizes the standard TRS argument. In the second section, some conceptual problems of TRS are discussed. The third section questions the validity of "competitive rent-seeking" models and discusses problems of collective action and of strategic behavior. The last section extends our discussion and deals with problems of unequal distribution of rent-seeking opportunities and, more importantly, of "dynamic" benefits of rent.

목차

Abstract

Ⅰ. The Theory of Rent-Seeking: The Argument

Ⅱ. Some Conceptual Problems: Is "Waste" Wasteful?

Ⅲ. Non-competitive Rent-Seeking

Ⅳ. Rent-Seeking at the Economy-wide Level

Ⅴ. Concluding Remarks

References