Rent Seeking in the Cameroon Economy
Krueger's Analytic Technique Helps to Account for Development Lag in Colonial States
Bibliographic Data
| ID | 2812191 |
|---|---|
| Authors | Charles D De Lorme (University of Georgia), David R Kamerschen (University of Georgia), John Mukum Mbaku (0000-0003-2584-013X, University of Georgia) |
| Year | 1986 |
| Volume | 45 |
| Issue | 4 |
| Pages | 413-423 |
| Publication date | 1986-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.1986.tb01934.x |
| OpenAlex | W2082065701 |
| Language | EN |
| Citations received | 2 |
| References cited | 2 |
Traditional economic theory regards the social costs of monopoly as the reduction in both consumer and producer surplus as a result of monopolization of certain sectors of the economy. Recent research has shown that a proper accounting of the social costs of monopoly must include the costs of obtaining and maintaining monopoly positions. Anne O. Krueger used the term "rent seeking" to refer to the expending of scarce resources by entrepreneurs to fight for rents created through government activity in the economy. Excessive interference in the economy by government can result in an increase in the social costs of monopoly. In a developing country such as Cameroon, where government activity in the economy has been quite pervasive since the latter part of the 1800s, opportunities have been created for rent seeking. This type of activity has helped to impede the economic growth of the country
Economic rent · Economic system · Economics · Economy · Government (linguistics) · Market economy · Microeconomics · Monopolization · Monopoly · Natural monopoly · Politics · Rent-seeking · Social cost · Economic theories and models · Economic Theory and Policy · Fiscal Policy and Economic Growth
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,06 |
| Citation span | 1994 - 2004 (11) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |