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Tax Abatements and Rent-seeking

Author

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  • Richard B. Coffman

    (Department of Economics, University of Idaho. Moscow, ID 83843, USA)

Abstract

Recent literature has argued that a policy of invariant tax abatement awards is more costly than necessary, and has suggested several ways of improving tax abatement policy by allowing officials discretion in granting abatements. This paper argues such discretion carries its own dangers, and may well create rent-seeking costs larger than the other costs it is meant to avert. Analysis suggests tax abatements should be abandoned as a development policy. More generally, rent-seeking should be recognised as an important concept in the analysis and evaluation of development programmes.

Suggested Citation

  • Richard B. Coffman, 1993. "Tax Abatements and Rent-seeking," Urban Studies, Urban Studies Journal Limited, vol. 30(3), pages 593-598, April.
    • Handle: RePEc:sae:urbstu:v:30:y:1993:i:3:p:593-598
    DOI: 10.1080/00420989320080581
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    References listed on IDEAS

    as
    1. Marilyn R. Flowers, 1987. "Rent Seeking and Rent Dissipation: A Critical View," Cato Journal, Cato Journal, Cato Institute, vol. 7(2), pages 431-440, Fall.
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    3. Richard A. Posner, 1975. "The Social Costs of Monopoly and Regulation," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 45-65, Springer.
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    6. Edgar K. Browning, 1974. "On The Welfare Cost Of Transfers," Kyklos, Wiley Blackwell, vol. 27(2), pages 374-377, January.
    7. Gordon Tullock, 1988. "Rent Seeking And Tax Reform," Contemporary Economic Policy, Western Economic Association International, vol. 6(4), pages 37-47, October.
    8. Wenders, John T, 1987. "On Perfect Rent Dissipation," American Economic Review, American Economic Association, vol. 77(3), pages 456-459, June.
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