The Economics of Special Privilege and Rent Seeking
[Book]
by Gordon Tullock.
Dordrecht
Springer Netherlands
1989
(viii, 104 pages)
Studies in public choice, 5.
I Why Is the Rent-Seeking Industry So Small? --;1 Introduction --;2 Rents, Ignorance, and Ideology --;3 The Cost of Rent Seeking: A Metaphysical Problem --;4 Efficient Rent Seeking, Diseconomies of Scale, Public Goods, and Morality --;II Random Thoughts on Rent Seeking --;5 Rent Seeking: The Problem of Definition --;6 Rent Seeking and the Market --;7 Strategic Behavior, Mixed Strategies, and the Defects of the Nash Equilibrium --;8 Rent Seeking and Transfers --;9 Rent Seeking and Tax Reform --;10 Concluding Thoughts.
As the reader of this book probably already knows, I have devoted a great deal of time to the topic which is, rather unfortunately, named rent seeking. Rent seeking, the use of resources in actually lowering total product although benefiting some minority, is, unfortunately, a major activity of most governments.