IDEAS home Printed from https://ideas.repec.org/a/sae/engenv/v19y2008i7p941-958.html
   My bibliography  Save this article

The Eco-Industrial Complex in USA — Global Warming and Rent-Seeking Coalitions

Author

Listed:
  • Ivan Jankovic

    (Faculty of Economics, University of Belgrade, postgraduate student)

Abstract

The public choice model of rent-seeking economics is used to analyze the behaviour of firms, interest groups and scientists participating in efforts to impose climate change cap-and-trade regulations of greenhouse gasses in the USA. This may serve as a case study for the entire world. Yandle's “Bootleggers and Baptists†model and McChesney's model “money for nothing†are used to explain the formation, motives and interests of the groups lobbying for or against this type of regulation. The eco-industrial complex includes firms seeking favorable treatment under cap-and-trade regime, scientists relying on the global warming panic to keep research funds flowing and environmentalist NGOs interested in setting the public agenda and attracting grants and donations. According to our analysis nuclear and renewable energy firms are acting as bootleggers (who profit from legally restricted energy market), while the oil firms are behaving as agents paying protection money) to politicians and NGOs for not demanding harmful public regulation (legal extortion, i.e. “money for nothing†).

Suggested Citation

  • Ivan Jankovic, 2008. "The Eco-Industrial Complex in USA — Global Warming and Rent-Seeking Coalitions," Energy & Environment, , vol. 19(7), pages 941-958, December.
    • Handle: RePEc:sae:engenv:v:19:y:2008:i:7:p:941-958
    DOI: 10.1260/095830508786238279
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1260/095830508786238279
    Download Restriction: no
    File URL: https://libkey.io/10.1260/095830508786238279?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
    2. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    3. Sonja Boehmer-Christiansen & Aynsley Kellow, 2002. "International Environmental Policy," Books, Edward Elgar Publishing, number 2532, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Deniz Igan & Prachi Mishra & Thierry Tressel, 2012. "A Fistful of Dollars: Lobbying and the Financial Crisis," NBER Macroeconomics Annual, University of Chicago Press, vol. 26(1), pages 195-230.
    2. Randall G. Holcombe, 2020. "James M. Buchanan’s constitutional project: past and future," Public Choice, Springer, vol. 183(3), pages 371-387, June.
    3. repec:jpe:journl:1443 is not listed on IDEAS
    4. Giuseppe Dari-Mattiacci & Eric Langlais & Bruno Lovat & Francesco Parisi, 2007. "Crowding-out in productive and redistributive rent-seeking," Public Choice, Springer, vol. 133(1), pages 199-229, October.
    5. Zingales, Luigi & Faccio, Mara, 2017. "Political Determinants of Competition in the Mobile Telecommunication Industry," CEPR Discussion Papers 11794, C.E.P.R. Discussion Papers.
    6. Gregor Schwerhoff & Ottmar Edenhofer & Marc Fleurbaey, 2020. "Taxation Of Economic Rents," Journal of Economic Surveys, Wiley Blackwell, vol. 34(2), pages 398-423, April.
    7. Robert Tollison, 2012. "The economic theory of rent seeking," Public Choice, Springer, vol. 152(1), pages 73-82, July.
    8. Рубинштейн Александр Яковлевич, "undated". "Методологический Анализ Теории Опекаемых Благ: Научный Доклад [methodological analysis of the Theory of Patronized Goods. Research report]," Working papers a:pru175:ye:2014:1, Institute of Economics.
    9. Nikos Alabanos & Sotiris Theodoropoulos, 2016. "A key-point comparison & the new challenges for the existent Administrative Burden Models (A.B.M’s)," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 66(1-2), pages 32-45, January-J.
    10. Randall G. Holcombe, 2020. "Progressive Democracy: the ideology of the modern predatory state," Public Choice, Springer, vol. 182(3), pages 287-301, March.
    11. Randall G. Holcombe, 2019. "Transitional gains and rent extraction," Public Choice, Springer, vol. 181(1), pages 127-139, October.
    12. Matthew D. Mitchell, 2019. "Uncontestable favoritism," Public Choice, Springer, vol. 181(1), pages 167-190, October.
    13. Ernesto Dal Bó & Pedro Dal Bó, 2011. "Workers, Warriors, And Criminals: Social Conflict In General Equilibrium," Journal of the European Economic Association, European Economic Association, vol. 9(4), pages 646-677, August.
    14. Feng, Xunan & Johansson, Anders C. & Zhang, Tianyu, 2015. "Mixing business with politics: Political participation by entrepreneurs in China," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 220-235.
    15. Gawel, Erik & Lehmann, Paul & Strunz, Sebastian & Heuson, Clemens, 2018. "Public Choice barriers to efficient climate adaptation – theoretical insights and lessons learned from German flood disasters," Journal of Institutional Economics, Cambridge University Press, vol. 14(3), pages 473-499, June.
    16. Dal Bó, Ernesto & Dal Bó, Pedro & Di Tella, Rafael, 2006. "“Plata o Plomo?”: Bribe and Punishment in a Theory of Political Influence," American Political Science Review, Cambridge University Press, vol. 100(1), pages 41-53, February.
    17. Rajan, Raghuram & Laeven, Luc & Klapper, Leora F., 2004. "Business Environment and Firm Entry: Evidence from International Data," CEPR Discussion Papers 4366, C.E.P.R. Discussion Papers.
    18. Klapper, Leora & Laeven, Luc & Rajan, Raghuram, 2006. "Entry regulation as a barrier to entrepreneurship," Journal of Financial Economics, Elsevier, vol. 82(3), pages 591-629, December.
    19. Foster, Walter E. & Rausser, Gordon C., 1990. "Coalition Breaking and Policy Reform," Staff General Research Papers Archive 745, Iowa State University, Department of Economics.
    20. Christos Pitelis, 2013. "Towards a More ‘Ethically Correct’ Governance for Economic Sustainability," Journal of Business Ethics, Springer, vol. 118(3), pages 655-665, December.
    21. Thomas I. Palley, 2018. "Re-theorizing the welfare state and the political economy of neoliberalism's war against it," FMM Working Paper 16-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:engenv:v:19:y:2008:i:7:p:941-958. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.