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Rent-Seeking

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PPGPortal > Home > Concept Dictionary > R > Rent-Seeking
 

Rent Seeking 

The expenditure of resources in order to bring about an uncompensated transfer of goods or services from another person or persons to one's self as the result of a “favorable” decision on some public policy.

(Paul M. Johnson. A Glossary of Political Economy Terms)

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The following is drawn from Paul Johnson's Glossary of Political Economy Terms.

"Examples of rent-seeking behavior would include all of the various ways by which individuals or groups lobby government for taxing, spending and regulatory policies that confer financial benefits or other special advantages upon them at the expense of the taxpayers or of consumers or of other groups or individuals with which the beneficiaries may be in economic competition."

 

     

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