Seek the rent while it may be found (2013, tax, cost)

[Mouldy Old Schmo]

Isn't rent-seeking a legalized way to solicit a bribe?

[Jeo123]

I'm not familiar with rent-seeking as you seem to define it. What exactly are you referring to?

[Mouldy Old Schmo]

What is rent-seeking then? I've understood an example of it as a major corporation refusing to consider locating a business in a certain locale unless they are offered incentives like tax breaks or some other sweetheart deals that cost taxpayers.

[Hemlock140]

Yes, and it is legalized bribery, but accepted since there is a net benefit to the city/state, namely jobs. Look at Boeing as an obvious example.

[Mouldy Old Schmo]

This is a good article about it.

What Is Rent-Seeking Behavior? - Forbes