The Measurability of Budget Related Rent-Seeking

Richard J Allard

Public Choice, 1995, vol. 85, issue 3-4, 389-94

Abstract: It has been suggested that the extent of rent-seeking expenditures arising from attempts to influence budget allocations should be estimated by the absolute magnitude of the observed changes in allocation. Instead, the author argues that it is the extent of the ex ante prospective changes that determine the level of rent-seeking and that in the presence of countervailing activity these may be quite unrelated to the ex post observed values. He further argues that the traditional rent-seeking model of competition for a prespecified rent is inappropriate in this context. Copyright 1995 by Kluwer Academic Publishers

Date: 1995
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