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Persistent link: https://www.econbiz.de/10012197565
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
This paper develops a simple theoretical model to analyze Marx's theory of ground rent. Using the model, I demonstrate two important results. First, if we take capital as exogenous, then total ground-rent can be decomposed into the three components: differential rent of the first variety (DRI),...
Persistent link: https://www.econbiz.de/10012395304
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
Persistent link: https://www.econbiz.de/10011905551
This paper presents an interpretation of Marx's rent theory. The three forms of rent, differential rent of type one and two, and absolute rent, have been elaborated and represented through algebra. Marx situated his theory in an agrarian economy characterised by the capitalist mode of...
Persistent link: https://www.econbiz.de/10011861645
Persistent link: https://www.econbiz.de/10012424499
Liberal thought (in the sense of classical liberalism) is based on the juxtaposition of consent to coercion. Autocracy and slavery were supposedly based on coercion whereas today's political democracy and economic "employment system" are based on consent to voluntary contracts. This paper...
Persistent link: https://www.econbiz.de/10014152407
Persistent link: https://www.econbiz.de/10014483241
resource rents in Australia. My aim is to dissect ground rent (what the landlord expropriates in capitalist society by virtue … investment in land. I will also discuss monopoly rent. Economic rent in the mining industry in Australia arises in some … before the mining boom in Australia ended in mid-2012) above its price of production and hence gives a greater than average …
Persistent link: https://www.econbiz.de/10013000157