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THE ECONOMIC ANALYSIS OF RENT SEEKING
This collection brings together the classic papers on the economics of rent seeking. These papers date from Gordon Tullock’s original 1967 paper which first put forth the idea that the pursuit of transfers was socially costly. Other classic papers by Anne Krueger and Richard Posner are included, as well as a series of more recent papers which trace the evolution of the literature on this important innovation in economic theory.
More Information
Critical Acclaim
Contributors
Contents
More Information
This collection brings together the classic papers on the economics of rent seeking. These papers date from Gordon Tullock’s original 1967 paper which first put forth the idea that the pursuit of transfers was socially costly. Other classic papers by Anne Krueger and Richard Posner are included, as well as a series of more recent papers which trace the evolution of the literature on this important innovation in economic theory.
Critical Acclaim
‘All in all, this book is a must for anyone with interests in this area.’
– Vani Borooah, The Economic Journal
– Vani Borooah, The Economic Journal
Contributors
Contributors: J.N. Bhagwati, W.A. Brock, R.A. Brecher, J.M. Buchanan, W.J. Corcoran, W.R. Dougan, R.S. Higgins, A.L. Hillman, E.L. Katz, A.O. Krueger, D.W. Laband, N.V. Lany, B.G. Linster, S.P. Magee, K.M. Murphy, R.A. Posner, C.K. Rowley, A. Schleifer, J.P. Sophocleus, T.N. Srinivasan, J.M. Synder, W.F. Shughart, G.A. Tullock, R.W. Vishny, N. Vousden, R.E. Wagner, L. Young
Contents
INTRODUCTION
PART I
CLASSIC PAPERS
1. Gordon Tullock (1967), ‘The Welfare Costs of Tariffs, Monopolies, and Theft’
2. Anne O. Krueger (1974), ‘The Political Economy of the Rent-Seeking society’
3. Richard A. Posner (1975), ‘The Social Costs of Monopoly and Regulation’
4. James M. Buchanan (1980), ‘Rent Seeking and Profit Seeking’
5. Jagdish N. Bhagwati (1982), ‘Directly Unproductive, Profit-Seeking (DUP) Activities’
6. Robert D. Tollison (1982), ‘Rent Seeking: A Survey’
7. Roger Congleton (1980), ‘Competitive Procedd, Competitive Waste, and Institutions’
PART II
RENT SEEKING IN THE LONG RUN
8. Gordon Tullock (1980), ‘Efficient Rent Seeking’
9. William J. Corcoran (1984), ‘Long-run Equilibrium and Total Expenditures in Rent-seeking’
10. Richard S. Higgins, William F. Shughart and Robert D. Tollison (1985), ‘Free Entry and Efficient Rent Seeking’
11. Gordon Tullock (1985), ‘Back to the Bog’
12. Bruce G. Linster (1993), ‘Stackelberg Rent-seeking’
13. William R. Doudan and James M. Snyder (1993), ‘Are Rents Fully Dissipated?’
PART III
REFINEMENTS AND EXTENSIONS OF THE THEORY OF RENT SEEKING
14. Stephen P. Magee, William A. Brock and Leslie Young (1989), ‘Black Hole Tariffs’
15. Jagdish N. Bhagwati, Richard A. Brecher and T. N. Srinivasan (1984), ‘DUP Activities and Economic Theeory’
16. Ayre L. Hillman and Eliakim Katz (1984), ‘Risk-Averse Rent Seekers and the Social Cost of Monopoly Power’
17. Ngo Van Long and neil Vousden (1987), ‘Risk-Averse Rent Seeking with Shared Rents’
18. Roger D. Congleton (1991), ‘Ideological Conviction and Persuasion in the Rent-seeking Society’
PART IV
CONTRIBUTIONS TO MEASUREMENT AND APPLICATION
19. James M. Buchanen (1980), ‘Rent Seeking under External Diseconomies’
20. Kevin M. Murphy, Andrei Schleifer and Robert W. Vishny (1991), ‘The Allocation of Talent: Implications for Growth’
21. David W. Laband and John PO. Sophocleus (1992), ‘An Estimate of Resource Expenditures on Transfer Acitivity in the United States’
22. Richard S. Higgins and Robert D. Tollison (1988), ‘Life Amongst the Triangles and Trapezoids: Notes on the Theory of Rent-Seeking’
23. Roger D. Congleton (1988), ‘Evaluating Rent-seeking Losses: Do the Welfare Gains of Lobbyists Count?’
24. James M. Buchanen (1980), ‘Reform in the Rent-Seeking Society’
25. Robert D. Tollison and Richard E. Wagner (1991), ‘Romance, Realism, and Economic Reform’
PART I
CLASSIC PAPERS
1. Gordon Tullock (1967), ‘The Welfare Costs of Tariffs, Monopolies, and Theft’
2. Anne O. Krueger (1974), ‘The Political Economy of the Rent-Seeking society’
3. Richard A. Posner (1975), ‘The Social Costs of Monopoly and Regulation’
4. James M. Buchanan (1980), ‘Rent Seeking and Profit Seeking’
5. Jagdish N. Bhagwati (1982), ‘Directly Unproductive, Profit-Seeking (DUP) Activities’
6. Robert D. Tollison (1982), ‘Rent Seeking: A Survey’
7. Roger Congleton (1980), ‘Competitive Procedd, Competitive Waste, and Institutions’
PART II
RENT SEEKING IN THE LONG RUN
8. Gordon Tullock (1980), ‘Efficient Rent Seeking’
9. William J. Corcoran (1984), ‘Long-run Equilibrium and Total Expenditures in Rent-seeking’
10. Richard S. Higgins, William F. Shughart and Robert D. Tollison (1985), ‘Free Entry and Efficient Rent Seeking’
11. Gordon Tullock (1985), ‘Back to the Bog’
12. Bruce G. Linster (1993), ‘Stackelberg Rent-seeking’
13. William R. Doudan and James M. Snyder (1993), ‘Are Rents Fully Dissipated?’
PART III
REFINEMENTS AND EXTENSIONS OF THE THEORY OF RENT SEEKING
14. Stephen P. Magee, William A. Brock and Leslie Young (1989), ‘Black Hole Tariffs’
15. Jagdish N. Bhagwati, Richard A. Brecher and T. N. Srinivasan (1984), ‘DUP Activities and Economic Theeory’
16. Ayre L. Hillman and Eliakim Katz (1984), ‘Risk-Averse Rent Seekers and the Social Cost of Monopoly Power’
17. Ngo Van Long and neil Vousden (1987), ‘Risk-Averse Rent Seeking with Shared Rents’
18. Roger D. Congleton (1991), ‘Ideological Conviction and Persuasion in the Rent-seeking Society’
PART IV
CONTRIBUTIONS TO MEASUREMENT AND APPLICATION
19. James M. Buchanen (1980), ‘Rent Seeking under External Diseconomies’
20. Kevin M. Murphy, Andrei Schleifer and Robert W. Vishny (1991), ‘The Allocation of Talent: Implications for Growth’
21. David W. Laband and John PO. Sophocleus (1992), ‘An Estimate of Resource Expenditures on Transfer Acitivity in the United States’
22. Richard S. Higgins and Robert D. Tollison (1988), ‘Life Amongst the Triangles and Trapezoids: Notes on the Theory of Rent-Seeking’
23. Roger D. Congleton (1988), ‘Evaluating Rent-seeking Losses: Do the Welfare Gains of Lobbyists Count?’
24. James M. Buchanen (1980), ‘Reform in the Rent-Seeking Society’
25. Robert D. Tollison and Richard E. Wagner (1991), ‘Romance, Realism, and Economic Reform’
