IDEAS home Printed from https://ideas.repec.org/p/wvu/wpaper/18-08.html
   My bibliography  Save this paper

Rent-Seeking in the Classroom and Textbooks: Where are we after 50 Years

Author

Listed:
  • Joshua C. Hall

    (West Virginia University)

  • Josh Matti

    (West Virginia University)

  • Yang Zhou

    (West Virginia University)

Abstract

In this paper we provide an overview of Tullock’s work on rent-seeking in the area of economics education. After summarizing the basic rent-seeking model in both a domestic and international context, we conduct an analysis of undergraduate and graduate texts in public economics. We find a majority of undergraduate texts cover rent-seeking in depth, but two texts provide zero coverage. No graduate textbook surveyed mentions rent-seeking. We conclude by summarizing the economic education literature on rent-seeking, which can be divided into either classroom experiments or popular culture examples.

Suggested Citation

  • Joshua C. Hall & Josh Matti & Yang Zhou, 2018. "Rent-Seeking in the Classroom and Textbooks: Where are we after 50 Years," Working Papers 18-08, Department of Economics, West Virginia University.
  • Handle: RePEc:wvu:wpaper:18-08
    as

    Download full text from publisher

    File URL: https://researchrepository.wvu.edu/cgi/viewcontent.cgi?article=1002&context=econ_working-papers
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Ivo Bischoff & Kai Hofmann, 2002. "Classroom Game on the Theory of Rent Seeking: Some Practical Experience," Southern Economic Journal, John Wiley & Sons, vol. 69(1), pages 195-199, July.
    2. Sobel, Russell S & Garrett, Thomas A, 2002. "On the Measurement of Rent Seeking and Its Social Opportunity Cost," Public Choice, Springer, vol. 112(1-2), pages 115-136, July.
    3. Jacob K. Goeree & Charles A. Holt, 1999. "Classroom Games: Rent-Seeking and the Inefficiency of Non-market Allocations," Journal of Economic Perspectives, American Economic Association, vol. 13(3), pages 217-226, Summer.
    4. Hillman, Arye L & Katz, Eliakim, 1984. "Risk-Averse Rent Seekers and the Social Cost of Monopoly Power," Economic Journal, Royal Economic Society, vol. 94(373), pages 104-110, March.
    5. Nitzan, Shmuel, 1991. "Rent-Seeking with Non-identical Sharing Rules," Public Choice, Springer, vol. 71(1-2), pages 43-50, August.
    6. Paul Pecorino, 2006. "Rent Seeking: A Textbook Example," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(3), pages 331-339, July.
    7. Casey Rothschild & Florian Scheuer, 2016. "Optimal Taxation with Rent-Seeking," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(3), pages 1225-1262.
    8. Tresch, Richard W., 2014. "Public Finance," Elsevier Monographs, Elsevier, edition 3, number 9780124158344.
    9. Mark T. Gillis & Joshua Hall, 2010. "Using The Simpsons to Improve Economic Instruction Through Policy Analysis," The American Economist, Sage Publications, vol. 55(1), pages 84-92, May.
    10. Salanié, Bernard, 2011. "The Economics of Taxation," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262016346, December.
    11. Ignacio Del Rosal, 2011. "The Empirical Measurement Of Rent‐Seeking Costs," Journal of Economic Surveys, Wiley Blackwell, vol. 25(2), pages 298-325, April.
    12. Emmanuel Dechenaux & Dan Kovenock & Roman Sheremeta, 2015. "A survey of experimental research on contests, all-pay auctions and tournaments," Experimental Economics, Springer;Economic Science Association, vol. 18(4), pages 609-669, December.
    13. Anthony B. Atkinson & Joseph E. Stiglitz, 2015. "Lectures on Public Economics Updated edition," Economics Books, Princeton University Press, edition 2, number 10493.
    14. Katz, Eliakim & Nitzan, Shmuel & Rosenberg, Jacob, 1990. "Rent-Seeking for Pure Public Goods," Public Choice, Springer, vol. 65(1), pages 49-60, April.
    15. Durden, Garey C & Ellis, Larry V & Millsaps, Steven W, 1991. "Gordon Tullock: His Journal and His Scholarship," Public Choice, Springer, vol. 71(3), pages 171-196, September.
    16. Hindriks, Jean & Myles, Gareth D., 2013. "Intermediate Public Economics," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262018691, December.
    17. Joseph Jadlow, 1985. "Monopoly rent seeking under conditions of uncertainty," Public Choice, Springer, vol. 45(1), pages 73-87, January.
    18. Hillman,Arye L., 2009. "Public Finance and Public Policy," Cambridge Books, Cambridge University Press, number 9780521494267, April.
    19. 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.
    20. Cédric Wasser, 2013. "Incomplete information in rent-seeking contests," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(1), pages 239-268, May.
    21. John Considine, 2006. "The Simpsons: Public Choice in the Tradition of Swift and Orwell," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(2), pages 217-228, April.
    22. David Laband & John Sophocleus, 1988. "The social cost of rent-seeking: First estimates," Public Choice, Springer, vol. 58(3), pages 269-275, September.
    23. Nigar Hashimzade & Jean Hindriks & Gareth D. Myles, 2006. "Solutions Manual to Accompany Intermediate Public Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582694, December.
    24. Charles A. Holt, 1999. "Teaching Economics with Classroom Experiments: A Symposium," Southern Economic Journal, John Wiley & Sons, vol. 65(3), pages 603-610, January.
    25. Jean-Jacques Laffont, 1988. "Fundamentals of Public Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121271, December.
    26. Rosemarie Fike & James Gwartney, 2015. "Public Choice, Market Failure, and Government Failure in Principles Textbooks," The Journal of Economic Education, Taylor & Francis Journals, vol. 46(2), pages 207-218, April.
    27. Brian Kent Strow & Claudia Wood Strow, 2006. "A Rent-Seeking Experiment for the Classroom," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(3), pages 323-330, July.
    28. Kenneth J. Arrow & B. Douglas Bernheim & Martin S. Feldstein & Daniel L. McFadden & James M. Poterba & Robert M. Solow, 2011. "100 Years of the American Economic Review : The Top 20 Articles," American Economic Review, American Economic Association, vol. 101(1), pages 1-8, February.
    29. Roger D. Congleton & Arye L. Hillman (ed.), 2015. "Companion to the Political Economy of Rent Seeking," Books, Edward Elgar Publishing, number 15325.
    30. Hillman,Arye L., 2009. "Public Finance and Public Policy," Cambridge Books, Cambridge University Press, number 9780521738057, April.
    31. Dennis C. Mueller, 2016. "Gordon Tullock: economic gadfly," Constitutional Political Economy, Springer, vol. 27(2), pages 112-123, June.
    32. Marta Podemska-Mikluch & Darwyyn Deyo & David T. Mitchell, 2016. "Public Choice Lessons from the Wizarding World of Harry Potter," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 31(Spring 20), pages 57-69.
    33. Gordon Tullock, 2003. "The Origin Rent-Seeking Concept," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 2(1), pages 1-8, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aaron Pacitti & Michael Cauvel, 2023. "Rent-Seeking Behavior and Economic Justice: A Classroom Exercise," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(1), pages 88-103, January.
    2. David N. Laband & John P. Sophocleus, 2019. "Measuring rent-seeking," Public Choice, Springer, vol. 181(1), pages 49-69, October.
    3. Antonio Saravia & Clara Mengolini & Robi Ragan, 2021. "Socialist Indoctrination in School Textbooks: The Case of “Colección Bicentenario” in Venezuela," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 36(Spring 20), pages 79-104.

    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. Arye L. Hillman & Ngo Van Long, 2017. "Rent Seeking: The Social Cost of Contestable Benefits," CESifo Working Paper Series 6462, CESifo.
    2. Arye Hillman & Ngo Van Long, 2017. "The social cost of contestable benefits," CIRANO Working Papers 2017s-11, CIRANO.
    3. Arye L. Hillman & Heinrich W. Ursprung, 2016. "Where are the rent seekers?," Constitutional Political Economy, Springer, vol. 27(2), pages 124-141, June.
    4. Emmanuel Dechenaux & Dan Kovenock & Roman Sheremeta, 2015. "A survey of experimental research on contests, all-pay auctions and tournaments," Experimental Economics, Springer;Economic Science Association, vol. 18(4), pages 609-669, December.
    5. Roman M. Sheremeta, 2016. "Impulsive Behavior in Competition: Testing Theories of Overbidding in Rent-Seeking Contests," Working Papers 16-21, Chapman University, Economic Science Institute.
    6. Kahana, Nava & Klunover, Doron, 2014. "Rent Seeking and the Excess Burden of Taxation," IZA Discussion Papers 8160, Institute of Labor Economics (IZA).
    7. David N. Laband & John P. Sophocleus, 2019. "Measuring rent-seeking," Public Choice, Springer, vol. 181(1), pages 49-69, October.
    8. Douglas Davis & Robert Reilly, 1998. "Do too many cooks always spoil the stew? An experimental analysis of rent-seeking and the role of a strategic buyer," Public Choice, Springer, vol. 95(1), pages 89-115, April.
    9. Jac C. Heckelman, 2017. "Tullock on the organization of scientific inquiry," Constitutional Political Economy, Springer, vol. 28(1), pages 1-17, March.
    10. Daniel Levy & Avichai Snir, 2022. "Potterian economics," Oxford Open Economics, Oxford University Press, vol. 1, pages 1-32.
    11. Vitor Melo & Stephen Miller, 2022. "Estimating the Effect of Rent-Seeking on income distribution: an analysis of U.S. States and Counties," Public Choice, Springer, vol. 192(1), pages 99-114, July.
    12. Patrick A. McLaughlin & Adam C. Smith & Russell S. Sobel, 2019. "Bootleggers, Baptists, and the risks of rent seeking," Constitutional Political Economy, Springer, vol. 30(2), pages 211-234, June.
    13. Luis Corchón, 2007. "The theory of contests: a survey," Review of Economic Design, Springer;Society for Economic Design, vol. 11(2), pages 69-100, September.
    14. Arye L. Hillman & Heinrich W. Ursprung, 2016. "Academic exclusion: some experiences," Public Choice, Springer, vol. 167(1), pages 1-20, April.
    15. Jean-Daniel Guigou & Bruno Lovat & Nicolas Treich, 2017. "Risky rents," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 5(2), pages 151-164, October.
    16. Cason, Timothy N. & Masters, William A. & Sheremeta, Roman M., 2020. "Winner-take-all and proportional-prize contests: Theory and experimental results," Journal of Economic Behavior & Organization, Elsevier, vol. 175(C), pages 314-327.
    17. Dongryul Lee & Pilwon Kim, 2022. "Group formation in a dominance-seeking contest," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 58(1), pages 39-68, January.
    18. repec:elg:eechap:15325_2 is not listed on IDEAS
    19. Antoine Gentier & Giusepina Gianfreda & Nathalie Janson, 2011. "Rent dissipation or government predation ? The notes issuance activity in Italy 1865-1882," Post-Print hal-00735325, HAL.
    20. Björn Kauder & Niklas Potrafke, 2016. "Supermajorities and Political Rent Extraction," Kyklos, Wiley Blackwell, vol. 69(1), pages 65-81, February.
    21. Roman Sheremeta, 2018. "Experimental Research on Contests," Working Papers 18-07, Chapman University, Economic Science Institute.

    More about this item

    Keywords

    Economics Education; Rent-Seeking;

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

    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:wvu:wpaper:18-08. 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: Feng Yao (email available below). General contact details of provider: https://edirc.repec.org/data/dewvuus.html .

    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.