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An Exploration of Rent Seeking

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  • MICHAEL A. BROOKS
  • BEN J. HEUDRA

Abstract

The aim of this paper is 10 survey critically the recent literature on rent seeking and Directly Unproductive Profit‐Seeking Activities (DUP). The links with the related literatures on transactions costs and property rights are also explored. It is argued that a clearer understanding of wasteful competition emerges if the framework of constitutional economics is adopted. It is furthermore argued that a dynamic framework is most suitable to analyze wasteful competition

Suggested Citation

  • Michael A. Brooks & Ben J. Heudra, 1989. "An Exploration of Rent Seeking," The Economic Record, The Economic Society of Australia, vol. 65(1), pages 32-50, March.
  • Handle: RePEc:bla:ecorec:v:65:y:1989:i:1:p:32-50
    DOI: 10.1111/j.1475-4932.1989.tb00676.x
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    File URL: https://doi.org/10.1111/j.1475-4932.1989.tb00676.x
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    Cited by:

    1. Juan D. Montoro-Pons, 2013. "Regulator preferences and lobbying efforts in rent-seeking contests," Chapters, in: Francisco Cabrillo & Miguel A. Puchades-Navarro (ed.), Constitutional Economics and Public Institutions, chapter 14, pages 257-278, Edward Elgar Publishing.
    2. Rauscher, Michael, 1995. "Protectionists, environmentalists, and the formation of environmental policy in an open economy," Discussion Papers, Series II 256, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    3. Shaffer, Sherrill & Shogren, Jason F., 2009. "Repeated contests: A general parameterization," Economics Letters, Elsevier, vol. 105(2), pages 159-161, November.
    4. Rauscher, Michael, 2001. "International trade, foreign investment, and the environment," Thuenen-Series of Applied Economic Theory 29, University of Rostock, Institute of Economics.
    5. John P. Formby & Paul D. Thistle & James P. Keeler, 1990. "Costs under Regulation and Deregulation: The Case of US Passenger Airlines," The Economic Record, The Economic Society of Australia, vol. 66(4), pages 308-321, December.

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