The industry of idealistic rent-seeking : Agents, captures, and consequences
Rent-seeking does not occur in an empty room, rent-seekers act within an institutional framework. Neither does this framework exist in an empty room, it rests on laws and regulations that are the result of action taken by a variety of agents. When one agent takes steps to change the framework to benefit herself, she will also change the conditions for other agents, some for the better and some for
