Title: Rent-seeking - Definition, Common Examples, and Tullok Paradox
Headings: Rent-seeking
Rent-seeking
What is Rent-seeking?
Origins of Rent-seeking
The Tullock Paradox
Examples of Rent-seeking Activities
Related Readings

Content: This cost-benefit discrepancy stems from several possible explanations: In democratic states, there is somewhat more transparency for voters to monitor the behavior of the politicians. Therefore, if a politician is corrupt and takes a bribe, it may be discovered, and voters can penalize the corrupt politicians by not reelecting them, or he may be criminally charged. Another force that determines the costs for rent-seekers is whether there is competition among politicians. If there are different politicians that can ensure the delivery of certain benefits to rent-seekers, then the competing politicians will push down the cost of rent-seeking. Examples of Rent-seeking Activities
Lobbies
Government subsidies
Grants
Tariffs
Taxi licensing
Related Readings
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