Industry Rents: Evidence and Implications

Rents, Rights N’rhythm: Conflict and Cooperation in the Music Industry

The economic importance of copyright industries in developed market economies has been well documented. Although less important in developing countries, this could change with the spread of information technologies. This paper first addresses how copyrights underpin the modern music industry, and in particular the role copyrights and cooperation among individuals and firms play in creating and ...

Evidence of Double Dissociation in Auditory Agnosia: Implications for Rehabilition

Governance Model and Rents Allocation in Asymmetrical Power Relations: The Case of Notebook Computer Industry

International subcontracting relationships are often characterized by considerable power asymmetries. The actors in global value chain obtained different profits. Different governance dominant modes reflect different roles of countries and enterprises played in the global value chains and result in different industrial international competitiveness in the end Through a relation model of upstrea...

Land Rents

We study the technological pre-conditions for competitive equilibrium in a multisectoral economy where“land” is an essential imput. Earlier results by Bidard and Salvadori require either very low interest rates or are unable to predict the type of final demand vectors that can be supported by an equilibrium. We extend these earlier results and show that a given level and structure of final dema...

Entry and Inefficiency in the Real Estate Brokerage Industry: Empirical Evidence and Policy Implications∗

This paper studies entry in local real estate brokerage to investigate sources of potential cost inefficiency under free entry. Building upon recent empirical work on games of incomplete information, we construct a structural entry model and estimate the model using nested pseudo likelihood algorithms. Using data from 5% PUMS in 2000, we find direct evidence for two sources of cost inefficiency...