This twenty-seven chapter book provides an excellent and accessible
overview of the literature on rent seeking since its inception.
What makes the book a fascinating reading is its application to
different areas, such as regulation and economic aid, and
presentation of an array of highly readable cases studies,
including on China, Greece, India and Russia. It is a must for both
students of public finance and policy makers.' - Sanjeev Gupta,
International Monetary Fund'Indeed, this book is an indispensable
companion to everyone working on rent seeking or the theory or
politics of contests. It combines excellent surveys and innovative
work of the most eminent researchers in this field.' - Kai Konrad,
Director, Max Planck Institute for Tax Law and Public Finance,
Munich, Germany The quest for benefit from existing wealth or by
seeking privileged benefit through influence over policy is known
as rent seeking. Much rent seeking activity involves government and
political decisions and is therefore in the domain of political
economy, although rent seeking can also take place in personal
relations and within firms and bureaucracies. The contributions in
this outstanding volume provide an accompaniment or 'companion' to
the literature on rent seeking and the related political economy of
rent creation and extraction. The chapters, written by leading
scholars in the field, demonstrate the centrality of rent-related
incentives to the study of economics, politics, culture, public
administration and history. The expert and original contributions
summarize and extend the literature in both theoretical and applied
areas of research. The book begins with a clear and comprehensive
description of the theory of rent seeking and of contest design for
political and bureaucratic rent extraction. This is followed by a
series of case studies showing the relevance of rent seeking for
regulatory policies, international-trade policies, public finance,
natural-resource discoveries, development aid, behavior in
international bureaucracies, litigation and judicial systems. The
applied chapters also include overviews of rent seeking and rent
extraction in Europe, Russia, Asia, Africa and the US. This volume
will appeal to a broad readership, including economists, political
scientists and development practitioners, wishing to gain an
understanding of the concept of rent seeking. The chapters in this
book also provide an excellent introduction to the extensive
literature. Contributors: J. A. Amegashie, M. Brooks, R.D.
Congleton, G. Dari-Mattiacci, R.T. Deacon, G.S. Epstein, S.
Flamand, R.J. Hagan, A.L. Hillman, R.G. Holcombe, C. Kang, M.S.
Kimenyi, E. Langlais, M.I. Levin, N. Van Long, B. Lovat, B. Luppi,
S. Marjit, J.M. Mbaku, Y. Mealem, T. Moutos, D. C. Mueller, V.
Mukherjee, S. Nitzan, M. Paldam, F. Parisi, L. Pechlivanos, L.
Qijun, A. Rode, G.A.Satarov, R.M. Sheremeta, W.F. Shughart II, D.W.
Thomas, G. Tridimas, O. Troumpounis, R. Vaubel, K. Warneryd
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