This paper examines the rental rates that tenants can afford to pay given alternative price and yield conditions. Over the last several years, harvest prices and yields have generally tended to be higher than their expected values when rates were negotiated with landlords. The benefits have...

We report results from a randomized policy experiment designed to test whether increased audit risk deters rent extraction in local public procurement and service delivery in Brazil. Our estimates suggest that temporarily increasing annual audit risk by about 20 percentage points reduced the...

Purpose – The paper seeks to address conceptually the issue of monetary valuations of environmental intangibles. Design/methodology/approach – The paper offers an innovative approach based on the rent-seeking behaviour of individuals, as seen in lobbying for environmental goods. As an...