RENT SEEKING CAN PROMOTE THE PROVISION OF PUBLIC GOODS*

Tyler Cowen, Amihai Glazer and Henry McMillan

Economics and Politics, 1994, vol. 6, issue 2, 131-145

Abstract: Public officials often have little incentive to spend time and effort proposing policies that benefit others. When, however, some public policies generate rents to these officials, rent seeking in politics can motivate them to provide public goods. We consider the motivational effects of rent seeking on (i) policy, (ii) the the role of agenda‐setting in social choice theory, (iii) the effects of graft and corruption in government, and (iv) the validity of cost‐benefit analysis.

Date: 1994
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