Table of Contents

Companion to the Political Economy of Rent Seeking

Companion to the Political Economy of Rent Seeking

Edited by Roger D. Congleton and Arye L. Hillman

The quest for benefit from existing wealth or by seeking privileged benefit through influence over policy is known as rent seeking. Much rent seeking activity involves government and political decisions and is therefore in the domain of political economy, although it can also take place in personal relations and within firms and bureaucracies. Rent seeking, which involves the unproductive use of resources, is however primarily associated with policies that create rents as well as rent extraction or political benefit for the creators of rents. The contributions in this outstanding volume provide an accompaniment or “companion” to the literature on rent seeking and the related political economy of rent creation and extraction. The chapters, written by leading scholars in the field, demonstrate the centrality of rent-related incentives to the study of economics, politics, culture, public administration and history.

Chapter 20: Rent seeking through control of the state in Russia

Mark I. Levin and Georgy A. Satarov

Subjects: economics and finance, political economy, public choice theory, politics and public policy, political economy, public choice

Extract

In Russia, rent seeking has involved violence and control of the judiciary. State agencies that formally should protect the state have been used to extract rents through means that are in principle illegal. The end of effective political competition resulted in corruption and expansion of administratively extracted rents. The rent extraction extends throughout the layers of government bureaucracy and local and national levels of government. We provide examples in which rent extraction reaches the individual, through traffic police and a market for academic degrees.

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