Rent-seeking is the process by which businesses seek profits by making investments in the political process.
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During a strong economy there are fewer incentives for rent-seeking because production is highly rewarded.
The rent-seeking of pirates motivates merchants to spend their resources to prevent the theft.
We should require rent-seeking analysis of each major regulation alongside the still rarely done cost-benefit analyses.
This makes rent-seeking relatively more attractive, which in turn further burdens those who try to remain productive.
When the economy is poor, the burden of fixed rent-seeking costs on producers drives surpluses even lower.
All of this expense could be avoided if incentives to be a rent-seeking pirate were somehow eliminated.
But instead many conservatives join progressives in defending the interests of rent-seeking legacy firms, unwittingly and otherwise.
The actual application of such a tax will involve lots of rent-seeking, privileges, exemptions, inefficiencies, and regulatory arbitrage.
But the OECD does not aim to deal with the ingrained traditions of favour-swapping and rent-seeking inside Russia.
While the Indonesian economy was growing fast, it was possible to make light of the Suhartos' rent-seeking ways.
The mandate for Somalia's UN-backed transitional federal government expires in August after eight years of squabbling and rent-seeking.
Rent-seeking can include piracy, lobbying the government or even just giving away money.
The lobbying of such groups against a waiver of the RFS is the most egregious, cynical sort of rent-seeking.
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Regulators should be hostile to rent-seeking by the established, and hospitable to the companies whose names we do not know.
Government donations to nonprofits encourage those charities to engage in public rent-seeking rather than listening to private donor feedback.
Much rent-seeking is redistributing the surplus of one group of the middle class to another group of the middle class via the government.
But Mr Medvedev is unlikely to stop the hostage-taking, corporate raids by state agencies, rent-seeking and corruption that have become part of a system.
Any efforts to subsidize or bail out struggling businesses are rent-seeking.
This situation can create a downward spiral because the rewards of rent-seeking are often constant, whereas the surpluses available in a market economy are more variable.
These banks are able to privatize any profits from their risky ventures, yet through rent-seeking they have managed to coerce the public to pay for their failures.
Rent-seeking and sheer profitability provide strong incentives for powerful pan-Asian logging networks to stay one step ahead of environmentalists trying to regulate the flow of logs from countries such as Indonesia.
Meanwhile, a host of new regulatory initiatives and fanciful (perhaps farcical) beliefs about the market readiness of clean-energy technologies redirected capital away from where it would most productively be used to compliance and rent-seeking.
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What can be predicted is that those who rely for their profits on inefficiencies in the exchange of information between creators and their audiences (and collaborators) will fight the revolutionary and uncontrollable transformation of their industries with every cent of rent-seeking capital at their disposal.
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