IDEAS home Printed from https://ideas.repec.org/a/kap/pubcho/v181y2019i1d10.1007_s11127-019-00646-y.html
   My bibliography  Save this article

Rent seeking at 52: an introduction to a special issue of public choice

Author

Listed:
  • Matthew D. Mitchell

    (Mercatus Center at George Mason University)

Abstract

A half century after he developed it, Gordon Tullock’s idea of rent seeking is more relevant than ever. Though the concept has gained widespread acceptance among academics, it has yet to make an impression on public discourse. But with favoritism, corruption, and the power of special interests in the headlines, the idea deserves broader attention. In this special issue of Public Choice we commemorate Tullock’s insight. Contributors examine the making of this classic piece and its effect on economic theory, empirical analysis, and economic teaching. Original papers also develop new insights into questions of development, the control of violence, corruption, culture, equity, regulation, rent extraction, the Political Coase Theorem, and more.

Suggested Citation

  • Matthew D. Mitchell, 2019. "Rent seeking at 52: an introduction to a special issue of public choice," Public Choice, Springer, vol. 181(1), pages 1-4, October.
    • Handle: RePEc:kap:pubcho:v:181:y:2019:i:1:d:10.1007_s11127-019-00646-y
    DOI: 10.1007/s11127-019-00646-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11127-019-00646-y
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11127-019-00646-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 2008. "Why Is Rent-Seeking So Costly to Growth?," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 213-218, Springer.
    2. Vlad Tarko & Andrew Farrant, 2019. "The efficiency of regulatory arbitrage," Public Choice, Springer, vol. 181(1), pages 141-166, October.
    3. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    4. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
    5. Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1991. "The Allocation of Talent: Implications for Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 503-530.
    6. North,Douglass C. & Wallis,John Joseph & Weingast,Barry R., 2013. "Violence and Social Orders," Cambridge Books, Cambridge University Press, number 9781107646995, January.
    7. Gordon Tullock, 1996. "Corruption Theory And Practice," Contemporary Economic Policy, Western Economic Association International, vol. 14(3), pages 6-13, July.
    8. Kenneth J. Arrow & B. Douglas Bernheim & Martin S. Feldstein & Daniel L. McFadden & James M. Poterba & Robert M. Solow, 2011. "100 Years of the American Economic Review : The Top 20 Articles," American Economic Review, American Economic Association, vol. 101(1), pages 1-8, February.
    9. Gordon Tullock, 1975. "The Transitional Gains Trap," Bell Journal of Economics, The RAND Corporation, vol. 6(2), pages 671-678, Autumn.
    10. Daron Acemoglu & James A. Robinson, 2019. "Rents and economic development: the perspective of Why Nations Fail," Public Choice, Springer, vol. 181(1), pages 13-28, October.
    11. Federica Carugati & Josiah Ober & Barry R. Weingast, 2019. "Is development uniquely modern? Ancient Athens on the doorstep," Public Choice, Springer, vol. 181(1), pages 29-47, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:hal:cepnwp:hal-02290741 is not listed on IDEAS
    2. Mehrdad Vahabi, 2019. "A Review of Rent-seekers, Profits, Wages and Inequality, The Top 20%, 2019 by Peter Mihalyi and Ivan Szelenyi," CEPN Working Papers 2019-07, Centre d'Economie de l'Université de Paris Nord.
    3. Henrik Egbert & Teodor Sedlarski, 2020. "The foundations of contemporary economics: Gordon Tullock and public choice," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 107-118.
    4. Alice Guerra & Tatyana Zhuravleva, 2022. "Do women always behave as corruption cleaners?," Public Choice, Springer, vol. 191(1), pages 173-192, April.
    5. Mario Menegatti, 2021. "Risk aversion in two-period rent-seeking games," Public Choice, Springer, vol. 188(1), pages 269-287, July.
    6. Mehrdad Vahabi, 2019. "A Review of Rent-seekers, Profits, Wages and Inequality, The Top 20%, 2019 by Péter Mihályi and Iván Szelényi," Working Papers hal-02290741, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mario Menegatti, 2021. "Risk aversion in two-period rent-seeking games," Public Choice, Springer, vol. 188(1), pages 269-287, July.
    2. Michael C. Munger, 2019. "Tullock and the welfare costs of corruption: there is a “political Coase Theorem”," Public Choice, Springer, vol. 181(1), pages 83-100, October.
    3. Feng, Xunan & Johansson, Anders C. & Zhang, Tianyu, 2014. "Political participation and entrepreneurial initial public offerings in China," Journal of Comparative Economics, Elsevier, vol. 42(2), pages 269-285.
    4. Jacob Bundrick & Weici Yuan, 2019. "Do Targeted Business Subsidies Improve Income and Reduce Poverty? A Synthetic Control Approach," Economic Development Quarterly, , vol. 33(4), pages 351-375, November.
    5. Natkhov, T. & Polishchuk, L., 2017. "Political Economy of Institutions and Development: The Importance of Being Inclusive. Reflection on "Why Nations Fail" by D. Acemoglu and J. Robinson. Part I. Institutions and Economic Devel," Journal of the New Economic Association, New Economic Association, vol. 34(2), pages 12-38.
    6. Randall Morck & Michael Percy & Gloria Tian & Bernard Yeung, 2005. "The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada," NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 65-148, National Bureau of Economic Research, Inc.
    7. Farhad Nili & Gabriel Talmain, "undated". "Rent-seeking, Occupational Choice and Oil Boom," Discussion Papers 01/11, Department of Economics, University of York.
    8. Toke S. Aidt, 2016. "Rent seeking and the economics of corruption," Constitutional Political Economy, Springer, vol. 27(2), pages 142-157, June.
    9. Henrik Egbert & Teodor Sedlarski, 2020. "The foundations of contemporary economics: Gordon Tullock and public choice," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 107-118.
    10. Bin Dong & Benno Torgler, 2010. "The Consequences of Corruption: Evidence from China," Working Papers 2010.73, Fondazione Eni Enrico Mattei.
    11. Clarke, George R. G. & Xu, Lixin Colin, 2004. "Privatization, competition, and corruption: how characteristics of bribe takers and payers affect bribes to utilities," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 2067-2097, August.
    12. Banerjee, Rajabrata & Gupta, Kartick & Krishnamurti, Chandrasekhar, 2022. "Does corrupt practice increase the implied cost of equity?," Journal of Corporate Finance, Elsevier, vol. 73(C).
    13. Cheikbossian, Guillaume, 2003. "Property rights, rent-seeking and aggregate outcomes in transition economies," Economic Systems, Elsevier, vol. 27(3), pages 271-288, September.
    14. Lucas, David & Boudreaux, Christopher, 2018. "Federal Regulation, Job Creation, and the Moderating Effect of State Economic Freedom," MPRA Paper 92593, University Library of Munich, Germany.
    15. David S. Lucas & Christopher J. Boudreaux, 2019. "The Interdependence of Hierarchical Institutions: Federal Regulation, Job Creation, and the Moderating Effect of State Economic Freedom," Papers 1903.02924, arXiv.org.
    16. repec:spo:wpmain:info:hdl:2441/93apstuvh8ud8mhj9ai14bqrv is not listed on IDEAS
    17. Masao Nakamura, 2015. "Economic Development and Business Groups in Asia: Japan’s Experience and Implications," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 21(1), pages 81-103, March.
    18. Noel D. Campbell & David T. Mitchell & Tammy M. Rogers, 2014. "Measures of entrepreneurship and institutions: a more formal robustness check," Chapters, in: Robert F. Salvino Jr. & Michael T. Tasto & Gregory M. Randolph (ed.), Entrepreneurial Action, Public Policy, and Economic Outcomes, chapter 4, pages 52-82, Edward Elgar Publishing.
    19. Barelli, Paulo & Pessôa, Samuel de Abreu, 2002. "A model of capital accumulation and rent-seeking," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 449, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    20. Maurizio Iacopetta, 2016. "Commercial revolutions, search and development," Working Papers hal-03469973, HAL.
    21. Armando Razo, 2021. "Network structure and performance of crony capitalism systems credible commitments without democratic institutions," Public Choice, Springer, vol. 189(1), pages 115-137, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:pubcho:v:181:y:2019:i:1:d:10.1007_s11127-019-00646-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.