The occupancy rate of Public Rental Housing (PRH) in China is relatively low due to the unreasonable rents. At the same time, the development of PRH using Public Private Partnerships (PPPs) increases the complexity of the rents. Therefore, the critical factors influencing the rents of PRH delivery by PPPs should be identified. Based on the comprehensive literature, this article identified a con...

The present paper introduces a principal-agent model in which the principal pays wages that exceed agents’ resevations values, and agents voluntarily comply with his directives even though no formal mechanisms exist to enforce these directives. We view the agency relationship as a reciprocal exchange where the principal pays rents to reduce the probability of a collective challenge. These rents...

the public sector is an influential partner of the market economy in many developing countries. in the absence of government’s intervention, economic functioning of these countries could turn into constant disequilibrium without any hope of growth and economic prosperity. on the other hand unlimited government intervention could harm the economic growth by unnatural expansion of public sector a...

Most countries show a residency discount in rents for sitting tenants. In the wake of strong rent increases and housing shortages, Germany implemented a reform in 2001 to curtail rent increases. Based on linked housing-tenant data for Germany, this paper estimates panel OLS and quantile regressions of rents within tenancies. The results show that rents deflated by the CPI increase strongly from...

This paper explores some implications for valuation and investment of challenging the standard assumption that there are no aggregate pure profits in the US economy. First, it highlights the theoretical importance of monopoly rents for fluctuations in average Q. A series for such rents is then computed by assuming that production is Cobb-Douglas, as fluctuations in the output share of pure prof...

The value of patent rents is an important quantity for policy analysis. However, estimates in the literature based on patent renewals might be understated. Market value regressions could provide validation, but they have not had clear theoretical foundations for estimating patent rents. I develop a simple model to make upper bound estimates of patent rents using regressions on Tobin’s Q. I test...