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An Exploration of Rent Seeking


Brooks, MA and Heijdra, B, An Exploration of Rent Seeking, Economic Record, 65, (188) pp. 32-50. ISSN 0013-0249 (1989) [Refereed Article]

DOI: doi:10.1111/j.1475-4932.1989.tb00676.x


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 Copyright © 1989, Wiley Blackwell. All rights reserved

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied economics
Research Field:Welfare economics
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Microeconomics not elsewhere classified
UTAS Author:Brooks, MA (Associate Professor Michael Brooks)
ID Code:39853
Year Published:1989
Web of Science® Times Cited:19
Deposited By:Economics and Finance
Deposited On:2006-07-06
Last Modified:2006-07-06

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