"The classic example of rent-seeking, according to Robert Shiller, is that of a feudal lord who installs a chain across a river that flows through his land and then hires a collector to charge passing boats a fee (or rent of the section of the river for a few minutes) to lower the chain. There is nothing productive about the chain or the collector. The lord has made no improvements to the river and is helping nobody in any way, directly or indirectly, except himself. All he is doing is finding a way to make money from something that used to be free."
I am not seeing in any way the comparison between a company that maintains infrastructure and employs people and machinery to accomplish issuing and enabling domains and keeping them functioning on the Internet and "a feudal lord who installs a chain across a river....there is nothing productive about the chain or the collector".
Wow. It's like we are reading two different articles. If Verisign isn't doing typical rent-seeking, then we might as well delete the Wiki entry, because the concept doesn't exist.
Just from paragraph 1:
seeking to increase one's share of existing
wealth without creating new wealth.
From paragraph 2:
capture of regulatory agencies to gain a coercive
monopoly can result in advantages for the rent
seeker in the market