Rent-seeking

As Natural Gas and Geopolitics (Victor et al., 2006) shows, diversity of supply is an important protection from rent-seeking behavior both of both gas exporters and transit countries. When Ukraine first interrupted Russian gas exports in 1995, European buyers who redoubled their efforts to diversify found many alternative suppliers, confirming the importance... 

ATMs offer all the advantages of direct payment but minimize opportunities for discretion and rent seeking. Other advantages of ATMs include accountability, automaticity, and potential for low operating costs, as well as the added feature of increased coverage and mobility. Box 5-13 describes possible uses of ATMs and their costs, together with point of service (or point of sale) (POS) machines. A combination of the state of infrastructure (especially electricity), security considerations, and costs will determine their suitability for a particular location. 

In economics, rent seeking refers to the misuse of government authority or resources. 

The second step is to select projects, opting for those with the highest possible labor intensity while achieving cost-effectiveness. Public works departments typically favor equipment intensity rather than labor intensity, because they perceive it to be superior and to facilitate more rapid project completion. However, equipment-intensive projects may offer greater opportunities for rent seeking (Stock and de Veen 1996), and if the work has been entrusted to private contractors, the outcome with respect to labor intensity is unpredictable. At the same time, public work projects also suffer if inadequate provisions have been made for materials and equipment, as occurred in Ethiopia s Employment Gen-... 

Tullock, G. (1980). Efficient Rent-Seeking (Buchanan, J.M., Tollison, R.D., and Tullock, G. ed.). Toward a Theory of the Rent-Seeking Society. College Station Texas A. M. University Press. 

Pedersen, O.W., 2013. Environmental enforcement rmdertaking and possible implications responsive, smarter or rent seeking The modem law review, 76(2) MLR 319 345. 

Khan, M. (2000) Rent Seeking as a Process Inputs, Rent-Outcomes and Net Effects, in M. BChan and K.S. Jomo (eds.). Rents, Rent-Seeking and Economic Development, Cambridge University Press, Cambridge. 

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