Showing 1 - 10 of 1,904
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 of the contributions and a control condition without rent extraction. We …
Persistent link: https://www.econbiz.de/10012861465
correlated with a 1% increase in rent. Market power is substantial: on average, markups account for nearly a third of rents in …
Persistent link: https://www.econbiz.de/10013249651
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 density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the … creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany …
Persistent link: https://www.econbiz.de/10013219061
Rent seeking leads to a misallocation of resources that worsens economic outcomes and reduces aggregate welfare. We … conduct a quantitative examination of the distributional effects of rent extraction via the financial sector. Rent seeking … higher initial wealth. Therefore, a policy reform to reduce rent seeking via the financial sector, despite being Pareto …
Persistent link: https://www.econbiz.de/10012861439
developing economies. We argue that tying a firm's available rent to a regime's survival acts as a credible commitment forcing …
Persistent link: https://www.econbiz.de/10013317003
We study the rent-seeking phenomenon using a simple, static general equilibrium model. The economy consists of two …, where a continuum of agents compete for a share of monopoly profits (i.e. rent). Agents are heterogeneous in labor … productivity and rent-seeking ability: they face a choice between engaging in (productive) work or vying for a share of the rent (i …
Persistent link: https://www.econbiz.de/10013322787
We introduce a dynamic model that investigates the persistence and evolution of elite-dominated societies, where inherited political capital determines one’s social standing. Our analysis highlights the critical role of the distribution of exit options in the evolution of political...
Persistent link: https://www.econbiz.de/10014356609
We integrate a market microstructure model with an exchange competition model with entry in which exchanges supply technological services that enhance market participation, and have market power. We find that technological services can be strategic substitutes or complements in platform...
Persistent link: https://www.econbiz.de/10012892152
We focus on the estimation of market entry costs that are declining over time and evaluate their impact on competition and market performance. We employ a dynamic oligopoly model in which firms make entry, exit, and production decisions in the presence of declining entry costs and learning by...
Persistent link: https://www.econbiz.de/10012822507