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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/10012421225

Regulatory risk under optimal incentive regulation

Strausz, Roland - 2009

The paper provides a tractable, analytical framework to study regulatory risk. Regulatory risk is captured by … funds. Results are as follows: 1) The regulator's reaction to regulatory risk depends on the curvature of aggregate demand …. 2) It yields a positive information rent effect exactly when demand is convex. 3) Firms benefit from regulatory risk …

Persistent link: https://www.econbiz.de/10003850166

Optimal rent extraction in pre-industrial England and France : default risk and monitoring costs

Priks, Mikael (contributor) - 2005

to both the old system and to its major competitor, France. We offer a theory explaining this development. In our view, a … collection, and since the government faces limited borrowing, a high default risk makes a system of up-front collection …

Persistent link: https://www.econbiz.de/10002855576

Prices vs. quantities and the intertemporal dynamics of the climate rent

Kalkuhl, Matthias; Edenhofer, Ottmar - 2010

This paper provides a formal survey of price and quantity instruments for mitigating global warming. We explicitly consider policies' impact on the incentives of resource owners who maximize their profits intertemporally. We focus on the informational and commitment requirements of the...

Persistent link: https://www.econbiz.de/10003967535

Resource rents, power, and political stability

Bjorvatn, Kjetil; Farzanegan, Mohammad Reza - 2014

We study the association between resource rents and political stability, highlighting the importance of the distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are likely to be positively associated with the stability of a...

Persistent link: https://www.econbiz.de/10010337556

Preferences, rent destruction and multilateral liberalisation : the building block effect of CUSFTA

Ketterer, Tobias; Bernhofen, Daniel M.; Milner, Chris - 2012

If a free trade agreement (FTA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an FTA can...

Persistent link: https://www.econbiz.de/10009665362

Rent taxation and its intertemporal welfare effects in a small open economy

Köthenbürger, Marko (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003624539

Start-up investment with scarce venture capital support

Kanniainen, Vesa; Keuschnigg, Christian - 2001

. Company portfolios then tend to become more focused again, the quality of advice is restored and the risk of business failure …

Persistent link: https://www.econbiz.de/10011398098

The political economy of opposition groups : peace, terrorism, or civil conflict?

Jetter, Michael; Li, Bei - 2017

This paper proposes a simple framework to better understand an opposition group's choice between peace, terrorism, and open civil conflict against the government. Our model implies that terrorism emerges if constraints on the ruling executive group are intermediate and rents are sizeable, hereas...

Persistent link: https://www.econbiz.de/10011754212

Ex Post information rents in sequential screening

Krähmer, Daniel; Strausz, Roland - 2014

We study ex post information rents in sequential screening models where the agent receives private ex ante and ex post information. The principal has to pay ex post information rents for preventing the agent to coordinate lies about his ex ante and ex post information. When the agent's ex ante...

Persistent link: https://www.econbiz.de/10010340371