This paper proposes directly unproductive, profit-seeking (DUP) activities as a general concept that embraces a wide range of recently analyzed economic activities, including the subset of rent-seeking activities considered by Krueger. It then proceeds to provide a syn-thesis and generalization of the welfare-theoretic analysis of such activities by developing a fourfold categorization of cases depending on the levels of distortions before and after the DUP activity. Thus a unification and overview of the subject are achieved.
International Trade Law | Law
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Jagdish N. Bhagwati,
Directly Unproductive, Profit-seeking (DUP) Activities,
J. Pol. Econ.
Available at: https://scholarship.law.columbia.edu/faculty_scholarship/3832
© 1982 by The University of Chicago.