This article challenges claims that liberalising state regulated markets in developing countries may induce lasting economic development. The analysis of the rise of tourism in Egypt during the last three decades suggests that the effects of liberalisation and structural adjustment are constrained by the neo-patrimonial character of the Egyptian political system. Since the decline of oil rent r...

This essay explores the nature, causes, and consequences of corruption as it pertains to entire regimes. Grand corruption is modeled as a type of unproductive rent-seeking at the highest levels of government. The economic costs of corruption are assumed to increase in the decentralization (and relaxation) of its governance, increase convexly in the percentage extracted, and decreasing in the op...

In this paper, …rms engage in rent seeking in order to be assigned a governmental contract. We analyze how a change in the contract length a¤ects the …rms’ rent-seeking behavior. A longer contract leads to more rent seeking at a contract assignment stage, as the …rms value the contract higher. On the other hand, the contract has to be assigned less often, which of course leads to less rent seek...

Highlighting both the problems of composing and acquiring mineral rent, and the procedures and forms in which the rent is reflected in the price of mining products and energy resources are basic premises to emerge specific methodological elements of economic management of mineral resources. As our researches revealed, contractual duties represent one of these elements. Hence, the problem of new...

This article shows that how we look at political rent and rent-seeking depends on our position state interference in the economy which theory of regulation are familiar with. Although is accordance with paradigm private interest (economic) theories regulation, researcher also needs an insight based public if he wants to judge impact creation social well-being properly. The paper a conceptualiza...

Algeria’s economic crisis parallels and is an intrinsic part of its political crisis over the past decade. It consists, furthermore, of an interrelated crisis over control of the economic rent and the activities of an informal parallel economy originally based on smuggling and now sustained through violence which is legitimised by Islamist rhetoric. Economic reform, therefore, cannot be meaning...

Using the political-economic history of the development of telephony during the 1870s as a backdrop, this paper studies a two-player Tullock contest that includes both research effort (R&D) and legal effort (i.e., rent-seeking effort). The two types of efforts complement each other and positively influence the payoff of the contest. We assume that legal effort affects the prize value, increasin...

The economic importance of copyright industries in developed market economies has been well documented. Although less important in developing countries, this could change with the spread of information technologies. This paper first addresses how copyrights underpin the modern music industry, and in particular the role copyrights and cooperation among individuals and firms play in creating and ...