| 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)
|
| dbo:wikiPageID
| |
| dbo:wikiPageLength
|
- 4823 (xsd:nonNegativeInteger)
|
| dbo:wikiPageRevisionID
| |
| dbo:wikiPageWikiLink
| |
| dbp:data
|
- 1987 (xsd:integer)
- Appelbaum and Katz (en)
- rent-creating (en)
|
| dbp:label
|
- Introduced (en)
- Synonym (en)
- Initiator (en)
|
| dbp:order
| |
| dbp:p
| |
| dbp:s
| |
| dbp:t
| |
| dbp:title
| |
| dbp:wikiPageUsesTemplate
| |
| dcterms:subject
| |
| 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
| |
| owl:sameAs
| |
| prov:wasDerivedFrom
| |
| foaf:isPrimaryTopicOf
| |
| is dbo:wikiPageWikiLink
of | |
| is foaf:primaryTopic
of | |
