Abstract

Although the term crony capitalism has rarely been used in the academic literature, its components—rent seeking, regulatory capture, political entrepreneurship, and interest-group politics—have been studied extensively. Their common element is the political use of power to benefit some at the expense of others, a phenomenon that grows as the profitability of businesses comes to depend on how well businesses can secure subsidies, tax breaks, and regulations that work in their favor.

Volume 17 Number 4
Spring 2013

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• Government Power
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