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Is the Rent Too High? Land Ownership and Monopoly Power

Watson, C. Luke; Ziv, Oren - 2021

We investigate the sources, scope, and implications of landowner market power. We show how zoning regulations generate spillovers through increased markups and derive conditions under which restricting landownership concentration reduces rents. Using newbuilding-level data from New York City, we...

Persistent link: https://www.econbiz.de/10013249651

Rent Extraction and Prosocial Behavior

Cagala, Tobias - 2019

We present controlled experimental evidence on how rent extraction by an administrator affects giving to non-profit associations. Holding the price of giving constant, we compare contributions between two conditions: a rent extraction condition, in which an administrator can expropriate a part...

Persistent link: https://www.econbiz.de/10012861465

Rent Taxation and its Intertemporal Welfare Effects in a Small Open Economy

Köthenbürger, Marko; Poutvaara, Panu - 2021

Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future generations. However, the effects of such steady-state gains on the transition generations have been left open. In this paper, we show that taxation of rents may also increase...

Persistent link: https://www.econbiz.de/10013316664

The Social Cost of Carbon with Intragenerational Inequality Under Economic Uncertainty

Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2022

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …

Persistent link: https://www.econbiz.de/10014082790

Measuring Uncertainty of a Combined Forecast and Some Tests for Forecaster Heterogeneity

Lahiri, Kajal; Peng, Huaming; Sheng, Xuguang - 2021

We have argued that from the standpoint of a policy maker who has access to a number of expert forecasts, the uncertainty of a combined forecast should be interpreted as that of a typical forecaster randomly drawn from the pool. With a standard factor decomposition of a panel of forecasts, we...

Persistent link: https://www.econbiz.de/10013251262

Gender Differences in Sabotage : The Role of Uncertainty and Beliefs

Dato, Simon - 2019

We study gender differences in relation to performance and sabotage in competitions. While we find no systematic gender differences in performance in the real effort task, we observe a strong gender gap in sabotage choices in our experiment. This gap is rooted in the uncertainty about the...

Persistent link: https://www.econbiz.de/10012892013

Wealth Management and Uncertain Tipping Points

Strøm, Steinar - 2019

hitting a threshold, as well as a set of risk-modified optimality conditions for overall wealth management, as long as no …

Persistent link: https://www.econbiz.de/10012892098

Policy Coordination Under Model Disagreement and Uncertainty

Hefeker, Carsten - 2019

What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...

Persistent link: https://www.econbiz.de/10012892108

The Optimal Amount of Attention to Capital Income Risk and Heterogeneous Precautionary Saving Behavior

Yin, Penghui - 2019

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … capacity, assuming a relative risk aversion degree larger than unity. Furthermore, we solve for attention choice and find that …

Persistent link: https://www.econbiz.de/10012892117

Uncertainty and the Cost of Bank vs. Bond Finance

Grimme, Christian - 2019

risk of firm default …

Persistent link: https://www.econbiz.de/10012892132