The establishment of a tradable permit market requires the regulator to select a level of aggregate emissions and then distribute the associated permits (rent) to speci…c groups. In most circumstances, these decisions are often politically contentious and frequently in‡uenced by rent seeking behaviour. In this paper, we use a contest model to analyse the e¤ects of rent seeking e¤ort when permit...

This study demarcates cost-inefficiency in Chinese banks into X-inefficiency and rent-seeking-inefficiency. A protected banking market not only encourages weak management and X-inefficiency but also public ownership and state directed lending encourages moral hazard and bureaucratic rent seeking. This paper uses bootstrap non-parametric techniques to estimate measures of X-inefficiency and rent...

The Rent parameter has been widely used to characterize interconnect complexity of designs. The Rent power-law relationship is often used for a priori wire estimation, which is an enabling component of timing closure methodologies. However, the Rent parameter does not explicitly address timing information. In this paper, we propose studies of circuit timing structure that can potentially help i...

The belief that elections reduce rent seeking by government officials is widely held, likewise the belief that rent seeking decreases as elections are less subject to corruption. In this paper we develop and test a model in which these beliefs are carefully examined. Our model indicates that, while elections may provide a disincentive for rent seeking, this disincentive (1) need not actually ma...

A central result in the theoretical literature on strategic trade is the ‘rent-shifting hypothesis’, the idea that government’s can employ trade policy as a precommitment device to transfer profit from foreign to domestic firms. To our knowledge, however, the rent-shifting hypothesis remains untested empirically. This paper constructs a theory-based empirical test of rent-shifting behavior that...

Peppard and Ward (2004) have instigated the development of the concept of IS capability based on Resource-based Theory (RBT). The goal of this paper is to add scrutiny to their initiative by drawing on the complementarities between RBT and Industrial Economics, and by focusing explicitly on the mechanisms around information that lead to IS-based rents. We introduce an IS rent framework with IS ...

The purpose of reform is to reduce distortions in the economic system and enhance efficiency. However, along with incremental partial reforms, local governments or individuals often have the chance to capture the rent inherent in the gradual transition process. Young (2000) warned that this rent-seeking behavior might lead to increasing market fragmentation. Empirical studies have shown the opp...

Since cultural monuments and/or heritage sites, depending on the degree of their international recognition, generate economic activity and contribute to the economy of the countries in which they are located, one should regard them as valuable economic resources. Th e aim of this work is to fi rstly, address the issue of economically eff ective and socially responsible management of cultural mo...

Only retail tenants pay their landlord a percentage of revenue in addition to the traditional fixed rent. The latter has often been shown to vary widely across stores-inverse to the sales externalities generated by the store. This paper demonstrates that revenue percentages vary widely as well, and positively with fixed rent (sales externalities). It is then argued that existing theoretical exp...

1 Tlie authoxs thank paitidpants at a seminar in Konstanz fox theii comments. Reraain-ing eirors are ours. The Cential Bureau of Statistics ptovided the data. Abstract We examine the effect of a rent subsidy program, Rent Assistance, on the demand for rental housing in The Netherlands. Low-income households with a rent that exceeds a norm rent, but is smaller than a maximum rent are eligible fo...