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Measuring The Deadweight Costs Of Dup And Rent Seeking Activities

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  • Hal R. Varian

Abstract

I examine a simple model of rent seeking behavior in order to determine the correct way to measure welfare loss due to rent seeking. I conduct this analysis using a general equilibrium version of the standard partial equilibrium consumers' surplus cost-benefit setup. I conclude that the ordinary tools of cost-benefit analysis, such as consumers' and producers' surplus, are up to the task of measuring the deadweight loss due to rent seeking, as long as they are applied in the proper general equilibrium context. Copyright 1989 Blackwell Publishers Ltd..

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  • Hal R. Varian, 1989. "Measuring The Deadweight Costs Of Dup And Rent Seeking Activities," Economics and Politics, Wiley Blackwell, vol. 1(1), pages 81-95, March.
  • Handle: RePEc:bla:ecopol:v:1:y:1989:i:1:p:81-95
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    Cited by:

    1. Laussel, Didier & Le Breton, Michel, 2001. "Conflict and Cooperation: The Structure of Equilibrium Payoffs in Common Agency," Journal of Economic Theory, Elsevier, vol. 100(1), pages 93-128, September.
    2. J.A. den Hertog, 2010. "Review of economic theories of regulation," Working Papers 10-18, Utrecht School of Economics.
    3. Bartsch, Elga & Thomas, Ingo P. & Rauscher, Michael, 1993. "Environmental legislation and the impact of lobbying activities," Kiel Working Papers 562, Kiel Institute for the World Economy (IfW).
    4. Nitzan, Shmuel, 1991. "Collective Rent Dissipation," Economic Journal, Royal Economic Society, vol. 101(409), pages 1522-1534, November.
    5. Murray C. Kemp & Hans-Werner Sinn, 1990. "A Simple Model of Useless Speculation," NBER Working Papers 3513, National Bureau of Economic Research, Inc.
    6. Latkov, Andrey, 2014. "Trends of Rent-seeking Theory," MPRA Paper 62864, University Library of Munich, Germany.
    7. Jac C. Heckelman & Bonnie Wilson, 2013. "Institutions, Lobbying, and Economic Performance," Economics and Politics, Wiley Blackwell, vol. 25(3), pages 360-386, November.
    8. Mushtaq H. Khan, 1996. "The efficiency implications of corruption," Journal of International Development, John Wiley & Sons, Ltd., vol. 8(5), pages 683-696.

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