Rent seeking, a term coined by Anne Krueger with the original insight attributed to Tullock, has been attributed to the absence of the rule of the law or the existence of a poorly developed legal system.99 It has the meaning that some in the community seek to obtain special favours from ...
rent,in law, periodic payment by a tenant for the use of another's property. In economics, its meaning is more complex, but since the wordrentmeans any income or yield from an object capable of producing wealth, its limitation to a more special sense is somewhat arbitrary and justified onl...
new╞systematic economics in our country has supplied a new point on analyzing and solving the issue in the political and economic areas for our country The theory of property right,the issue of exterior and systematic cost,seeking rent,the theory of systematic changes have an important meaning....
“Rent seeking” means obtaining privileges and subsidies from government. • Also called “transfer seeking.” • Rent can be implicit. • Economic land rent: regardless of the explicit financial payments. Price of Land • The market price of land equals the present value of the expected...
The Rule of Law, in its proper meaning, completely erases political rent-seeking by the limitation of the power of government; and the other principles are simply those that guarantee the growth of wealth through the economic distribution of goods in the free market. The Freedom of Contract is...
“rent seeking.” Profit seeking generates social value through the competitive market process. Rent seeking results in social losses as finite resources are used to pursue transfers of wealth rather than in the production of new wealth. This entry explores the distinction between rent seeking and ...
Therefore, I believe the best way to begin this chapter is with a brief discussion of the meaning of both tax reform and rent seeking. I repeat my earlier definition of rent seeking: the use of resources for the purpose of obtaining rents for people where the rents themselves come from ...
Nowadays,the sharing of human resources devoted to science and technology( HRST) has significant positive meaning to our society. However,there are some problems occurring with its application,which one of the major problems is the rent-seeking behavior in sharing. Structural dimension,relational dimen...
aIn resource-rich countries, the expected returns to rent-seeking are higher, while the opportunity cost of such activity is lower given the repercussions of the Dutch disease and of the institutional environment. Consequently, people and groups vie for control of the resource and resource revenues...
Definition of rently in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is rently? Meaning of rently as a finance term. What does rently mean in finance?