Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 21 September 2020

Abstract and Keywords

The literature on rent seeking has proven to be very fruitful in its theoretical dimension. However, empirical attempts to estimate the effects of rent seeking have shown that the measure of the rent-seeking costs is elusive. The purpose of this chapter is to provide an updated review of the empirical literature that has sought to estimate the social cost of rent seeking. The most relevant papers are classified, analyzed, and then summarized. An important lesson is that the complete dissipation hypothesis should not be assumed without further explanation, as the papers that address this question show that dissipation is far from complete.

Keywords: rent seeking, rent-seeking cost, empirical literature, measurement, complete dissipation

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.