Cost of Directly Unproductive Profit-Seeking and Rent-Seeking Activities: Some Conceptual Issues

Jagdish N. Bhagwati

Chapter 2 in Trade, Planning and Rural Development, 1990, pp 18-26 from Palgrave Macmillan

Abstract: Abstract The concept of directly unproductive profit-seeking (DUP) activities, among them the subset of rent-seeking activities, has now become an important component of theoretical analysis. It has also entered the realm of policy analysis, including that of measurement, as several analysts of policy regimes in developing countries have increasingly attempted to include estimates of rent-seeking costs in assessing the costs of inefficient policies.2

Keywords: Deadweight Loss; World Development Report; Import Quota; Deadweight Cost; Prize Lecture (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11415-3_3

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DOI: 10.1007/978-1-349-11415-3_3

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