We present new evidence on the extent of rent sharing based on a large panel of matched worker-firm data for Sweden. Controlling for worker and firm heterogeneity, as well as examining the problem of endogeneity of profits, we report evidence implying the existence of rent sharing. Another result is that unemployment risk, aggregated at the firm and various industry levels, has a negative effec...

The paper studies the influence of Gordon Tullock (1967) and the rent-seeking literature more generally on the study of corruption. The theoretical corruption literature with its emphasis on principal-agent relationships within government and rent creation by corruption politicians has largely, but not entirely, overlooked that contestable rents encourage unproductive use of real resources in s...

A group of friends consider renting a house but they shall first agree on how to allocate its rooms and share the rent. We propose an auction mechanism for room assignment-rent division problems which mimics the market mechanism. Our auction mechanism is efficient, envy-free, individually-rational and it yields a non-negative price to each room whenever that is possible with envy-freeness.

An attempt is made to analyze the phenomenon of migration using rent as the single variable that could serve as a proxy for the many amenities that might affect migration patterns. A theoretical treatment of the implications of rent capitalization for migration is first outlined. Empirical results indicating the usefulness of this approach are then presented. The geographic focus of the stud...

Although mobile computers are becoming more and more powerful, the intrinsic features of wireless communications poor quality, limited bandwidth, continuous disconnections, expensive communications still limit the performance delivered to mobile users. In this paper, we present the Locker Rent Service that allows mobile users to rent a dedicated disk space, located in the fixed network, where t...

A Chamberlin market is a trading institution with multiple traders, decentralized bilateral bargaining and publicly declared transaction prices (Chamberlin (1948)). This paper investigates the determinants of price dynamics in Chamberlin markets as well as double oral auctions. We test and compare the excess supply model (Walras (1874, 1877, 1889, 1896) and the excess rent model (Smith (1962, 1...

When understood as an inevitable inconsistency of individual plans,disequilibrium is not only a necessary condition for the existence, and hence understanding, of the market process as we know it, it is also theglue connecting three other "Austrian" themes. In equilibrium hetero­ geneity of resources would have no strategic significance, specific andprivate knowledge would be much l...

Using the political-economic history of the development of telephony during the 1870s as a backdrop, this paper studies a two-player Tullock contest that includes both research effort (R&D) and legal effort (i.e., rent-seeking effort). The two types of efforts complement each other and positively influence the payoff of the contest. We assume that legal effort affects the prize value, increasin...

A principal requires a manager for production. He can use an internal manager, or contracts with an external manger. In each case, the manager obtains experience benefits from production. When the principal uses an internal manager, both parties share cost information. When the principal contracts with an external manager, only the external manager acquires cost information. The internal manage...

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 ...