loss. A major social cost of rent control is that without a fully operational price mechanism the 'wrong' consumers end up … using apartments. When prices are set below market price, many consumers want to rent apartments even though they receive … are second order. Thus for a sufficiently marginal implementation of rent control, these costs will always be more …

A tension between entry and rents lies at the core of a general theory of aggregation with scale effects. This paper …

estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under … expected profits. Farmers who use skilled forecasts have increased average profit levels but also have more variable profits …

The purpose of this paper is to treat scale economies, profit-maximizing markups, economic profitability, capacity … run profit potential from markup behavior. As a result, on average economic profits are normal, but declining … profitability is prevalent in most industries since the early 1970s. Also, although cost and revenue shares tend to be approximately …

, surprisingly,due more to variations in the cost of capital than to variations in marginal profit. We also find that the present …

This paper examines the impact of unionization on profit- ability, growth and productivity using time series data on … negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by … may have longer term implications for efficiency since the impact on profitability appears to fall most heavily on firms …

future spot exchange rates. This result implies that there have been opportunities for speculative profit during the post … existence of opportunities for speculative profit is explored. The question answered in the paper is the following: if there … were no opportunities for speculative profit, would exchange rates have been more stable? The answer is yes. This answer …

consistent with rent-sharing theory (or a labor contract framework with risk-averse firms) and to be inconsistent with the …The paper uses CPS data from 1964 to 1985 to test for the existence of rent-sharing in US tabor markets, Using an … in wages are explained by movements in lagged levels of profitability and unemployment. The results appear to be …