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Rent Seeking: A Textbook Example

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Author Info
Paul Pecorino () (University of Alabama)

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Abstract

The author argues that the college textbook market provides a clear example of monopoly seeking as described by Tullock (1967, 1980). This behavior is also known as rent seeking. Because this market is important to students, this example of rent seeking will be of particular interest to them.

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File URL: http://www.journalofeconed.org/pdfs/summer2006/JECE_331-339.pdf
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Publisher Info
Article provided by Helen Dwight Reid Foundation in its journal The Journal of Economic Education.

Volume (Year): 37 (2006)
Issue (Month): 3 ()
Pages: 331-339
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Handle: RePEc:jee:journl:v:37:y:2006:i:3:p:331-339

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Related research
Keywords: rent seeking; textbook market;

Find related papers by JEL classification:
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

References listed on IDEAS
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  1. Siegfried, John J. & Latta, Christopher, 1998. "Competition in the Retail College Textbook Market," Economics of Education Review, Elsevier, vol. 17(1), pages 105-115, February. [Downloadable!] (restricted)
  2. David Laband & John Hudson, 2003. "The Pricing of Economics Books," Journal of Economic Education, Helen Dwight Reid Foundation, vol. 34(4), pages 360-368. [Downloadable!]
  3. Miller, H Laurence, Jr, 1974. "On Killing off the Market for Used Textbooks and the Relationship between Markets for New and Secondhand Goods," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 612-19, May/June. [Downloadable!] (restricted)
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This page was last updated on 2009-12-21.

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