Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of future mobility and the belief that society offers equal opportunities. We add to previous research by investigating the role of individual and social norms on rent seeking. We find that the individual propensity for stigmatizing rent seeking significantly and positively affects pr...

This article analyzes an asymmetric rent-seeking contest with free riding where valuation on the prize (rent) and effectiveness of rent-seeking effort may differ among agents and the victory of an agent may not exclude some agents other than the winner of the contest to consume the prize of the contest. After proving the unique existence of pure-strategy Nash equilibrium, this article examines ...

Most cities in Germany regularly publish a booklet called \Mietspiegel" that allows calculating an estimate of the fair rent for a at. The Functional Rent Advisor (FRA) extends the functionality and applicability of the \Mietspiegel" for the city of Munich so that the user needs not to give all required information. The FRA is implemented using the high-level purely functional language Haskell....

This paper shows that a policy that uniformly increases contestants’ e¤ort costs can lead to an increase in total e¤ort. In asymmetric settings, this “levels the playing …eld”and therefore encourages weaker players (who otherwise would have stayed out) to enter. Paradoxically, a contest designer whose only objective is to maximize total e¤ort may thus wish to make rent-seeking “more di¢ cult.” ...

This paper examines the determinants of wage pressure in large companies, including ownership characteristics and the impact of regional labour markets. By using a panel of 329 Polish largest firms during the period 19972001, we find evidence of rent sharing activities, however there is also asymmetry in quasi rent elasticity of wages. The wage setting mechanism seems to differ between new priv...

The low-income housing tax credit (LIHTC) is the largest project-based housing subsidy in the United States. Within the program, private developers receive a subsidy in exchange for constructing apartment units that rent for a predetermined affordable rate. Because the subsidy requires apartment buildings to charge a lower rental rate, the opportunity cost of developing subsidized housing in a ...

Microsoft Windows Azure Cloud offers scalable resources to its customers. The price for renting the resources is linear, i.e. the customer pays exactly double price for double resources. However, not always all offered resources of virtual machine instances are most suitable for the customers. Some problems are memory demanding, others are compute intensive or even cache intensive. The same amo...

There can be three types of heterogeneity among players in a rent-seeking contest. First, the efectiveness of agent's efort on the winning probabilities may difer among players. Secondly, players may evaluate the rent or prize of the rent-seeking contest diferently. Thirdly, players may face diferent financial constraints. Without assuming that each player’s production function for loteries is ...

Wirelength estimation is one of the most important Rent’s rule applications. Traditionally, the Rent exponent is extracted using recursive bipartitioning. However, the obtained exponent may not be appropriate for the purpose of wirelength estimation. In this paper, we propose the concepts of partitioning-based Rent exponent and placement-based Rent exponent. The relationship between these two e...

This article shows that how we look at political rent and rent-seeking depends on our position state interference in the economy which theory of regulation are familiar with. Although is accordance with paradigm private interest (economic) theories regulation, researcher also needs an insight based public if he wants to judge impact creation social well-being properly. The paper a conceptualiza...