On the Measurement of Rent Seeking and its Social Opportunity Cost View Full Text


Ontology type: schema:ScholarlyArticle      Open Access: True


Article Info

DATE

2002-07

AUTHORS

Russell S. Sobel, Thomas A. Garrett

ABSTRACT

Utilizing 4-digit industry data by county,we compare the allocation of resourcesacross industries in state capital areaswith noncapital areas. We are able toidentify which industries are expanded andcontracted relative to noncapital areas. Our results provide the first directevidence and measurement of the forgoneproductive activity resulting fromresources being reallocated toward rentseeking and interest group activity. Ourdata also allow us to measure total rentseeking, and also to isolate the extent ofindirect and in-kind rent seeking, whichcan account for part of the Tullockparadox. More... »

PAGES

115-136

References to SciGraph publications

Journal

TITLE

Public Choice

ISSUE

1-2

VOLUME

112

Identifiers

URI

http://scigraph.springernature.com/pub.10.1023/a:1015666307423

DOI

http://dx.doi.org/10.1023/a:1015666307423

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1012936970


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