The establishment of a tradable permit market requires the regulator to select a level of aggregate emissions and then distribute the associated permits (rent) to specific groups. In most circumstances, these decisions are often politically contentious and frequently influenced by rent seeking...

This set of books is a collection of significant contributions to the theory of rent-seeking, from its very beginning to the present. Reserachers working in this field will find it useful to have these texts as a reference manual. The extensive introductions survey the field and guide the reader...

This essay reviews the relationship between natural-resource abundance and economic growth around the world, and presents some new results. The principal reasons why resource-based production can inhibit economic growth over long periods are traced to the Dutch disease, neglect of education,...