Rent-setting (original) (raw)
Rent-setting (also spelled as rent setting; simplified Chinese: 设租; traditional Chinese: 設租), also known as rent-creating, refers to the act of governments or bureaucrats using their power to intervene in the market, resulting in the formation of new economic rents and creating rent-seeking opportunities for certain market entities. In short, it means that the power itself committed an act in order to take a bribe.
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| dbo:abstract | Rent-setting (also spelled as rent setting; simplified Chinese: 设租; traditional Chinese: 設租), also known as rent-creating, refers to the act of governments or bureaucrats using their power to intervene in the market, resulting in the formation of new economic rents and creating rent-seeking opportunities for certain market entities. In short, it means that the power itself committed an act in order to take a bribe. The concept of rent-setting was coined by Appelbaum and Katz in 1987. This theory holds that since the regulator itself may become a rent-seeker, the rent-seeker itself will become a rent-setter and thus endogenously determine the size of the rent. Rent-setting is part of the chain of the rent-seeking process. It can generally be divided into three types: unintentional rent-setting, passive rent-setting and active rent-setting. In a 'power-money' transaction, rent-setting is from 'power' to 'money', while rent-seeking is often 'money-power-money increment'. In fact, rent seeking and rent setting are two sides of the same behavior and cannot be separated. (en) |
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| dbo:wikiPageLength | 4823 (xsd:nonNegativeInteger) |
| dbo:wikiPageRevisionID | 1070915557 (xsd:integer) |
| dbo:wikiPageWikiLink | dbr:Government dbr:Bureaucrat dbc:Factors_of_production dbr:Power_(social_and_political) dbr:Rent-seeking dbc:Political_corruption dbc:Public_choice_theory dbr:Economic_rent dbr:Market_(economics) dbr:Rent_extraction |
| dbp:data | 1987 (xsd:integer) Appelbaum and Katz (en) rent-creating (en) |
| dbp:label | Introduced (en) Synonym (en) Initiator (en) |
| dbp:order | st (en) |
| dbp:p | Shèzū (en) |
| dbp:s | 设租 (en) |
| dbp:t | 設租 (en) |
| dbp:title | Rent-setting (en) |
| dbp:wikiPageUsesTemplate | dbt:Infobox dbt:Infobox_Chinese dbt:Reflist dbt:Short_description dbt:Zh dbt:Corruption |
| dcterms:subject | dbc:Factors_of_production dbc:Political_corruption dbc:Public_choice_theory |
| rdfs:comment | Rent-setting (also spelled as rent setting; simplified Chinese: 设租; traditional Chinese: 設租), also known as rent-creating, refers to the act of governments or bureaucrats using their power to intervene in the market, resulting in the formation of new economic rents and creating rent-seeking opportunities for certain market entities. In short, it means that the power itself committed an act in order to take a bribe. (en) |
| rdfs:label | Rent-setting (en) |
| owl:sameAs | wikidata:Rent-setting https://global.dbpedia.org/id/G1J4z |
| prov:wasDerivedFrom | wikipedia-en:Rent-setting?oldid=1070915557&ns=0 |
| foaf:isPrimaryTopicOf | wikipedia-en:Rent-setting |
| is dbo:wikiPageWikiLink of | dbr:State_opportunism dbr:Rent_extraction |
| is foaf:primaryTopic of | wikipedia-en:Rent-setting |