People are now tightly connected through mobile Internet applications, whether they platform owners, renters, business professionals, or users. The presence of Rent is concealed between owners and renters according to Marx's rent theory. Owners platforms lease out data land charge renters. Similar rent, demonstrates differential rent. However, due the instantaneous replicability flow activities...

In this paper, …rms engage in rent seeking in order to be assigned a governmental contract. We analyze how a change in the contract length a¤ects the …rms’ rent-seeking behavior. A longer contract leads to more rent seeking at a contract assignment stage, as the …rms value the contract higher. On the other hand, the contract has to be assigned less often, which of course leads to less rent seek...

Innovations and their adoption are the keys to growth and development. Innovations are less socially useful, but more profitable for the innovator, when they are adopted slowly and the innovator remains a monopolist. For this reason, rent-seeking, both public and private, plays an important role in determining the social usefulness of innovations. This paper examines the political economy of in...

The present value model of asset prices a la Campbell and Shiller predicts the price-rent ratio in the housing market to be stationary. The observed movements in the actual price-rent ratio, often exhibiting large and long swings in the ratio, may put into question the validity of the standard present value model. In this paper, we allow for two sources of possibly unwieldy deviations in the pr...

The city government of Munich regularly publishes a booklet called the “Mietspiegel” (MS). The MS basically contains a verbal description of an expert system. It allows to calculate the estimated fair rent for a flat. By hand, one may need a weekend to do so. With our computerized version, “The Munich Rent Advisor”, the user just fills in a form in a few minutes and the rent is calculated immed...

We analyze the distributional effects of rent-seeking via financial sector in a model calibrated to US data. Rent-seeking implies misallocation resources that increases wealth inequality among non-rent-seekers and for whole economy. A deterioration institutional quality implying more leads welfare losses non-rent-seekers, especially those with higher earnings initial wealth, because they are mo...

We study the rent-seeking phenomenon using a simple, static general equilibrium model. The economy consists of two sectors, both employing constant returns-to-scale technology with labor as its sole input. One sectors is monopoly, where continuum agents compete for share monopoly profits (i.e. rent). Agents are heterogeneous in productivity and ability: they face choice between engaging (produc...

In the wake of a judging controversy at the Winter 2002 Olympic games, the governing council of the International Skating Union scrapped its judging system, replacing it with a new system which uses scores from only some of the judges, selected randomly. This means that the composition of the awarding committee is unknown. I examine rent-seeking expenditures when the composition of the committe...