The paper deals with rent-seeking behaviour among agents competing for future shares of a common renewable natural resource. Rent-seeking might become profitable when the agents expect that the distribution of the natural resource in future periods will be dependent on the agents’ extraction of the resource in the past, even though high exploitation might reduce the stock that future individual...

The establishment of new environmental regulation, such as emissions taxes and tradable pollution permit markets, create rents that can be captured through a process of socially wasteful rent seeking. In this paper, we create a framework that compares social welfare under alternative market-based environmental policy instruments when agents lobby for the contestable rent. We show revenue raisin...

Nowadays, the enterprises outsource components to others, but they have not full control about delivery times, neither about components quality or defined specifications inspection during their production, because they have no remote monitoring or controlling services available in the others shop floor enterprises, even in enterprises of the same group. Moreover, when their shop floor resources...

We consider n firms which choose rent-seeking expenditures sequentially, each player anticipating the rent-seeking expenditures that will be made by later movers. We find that the earlier movers need not make larger profits than later movers, and that aggregate profits are lower than in a game in which firms make simultaneous moves.

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

Borme, J. and Lichter, I. (1974). Thorax, 29, 329-337. Pericardial rupture from blunt chest trauma. Pericardial rupture may occur in two distinct anatomical sites, namely the diaphragmatic pericardium and the pleuropericardium. They may be combined. The problems in each type are different. In ruptured diaphragmatic pericardium the rent may involve the pericardial cavity alone, or may extend int...

Silencing within the yeast rDNA repeats inhibits hyperrecombination, represses transcription from foreign promoters, and extends replicative life span. rDNA silencing is mediated by a Sir2-containing complex called RENT (regulator of nucleolar silencing and telophase exit). We show that the Net1 (also called Cfi1) and Sir2 subunits of RENT localize primarily to two distinct regions within rDNA:...

In the single rent-to-buy decision problem, without a priori knowledge of the amount of time a resource will be used we need to decide when to buy the resource, given that we can rent the resource for $1 per unit time or buy it once and for all for $c. In this paper we study algorithms that make a sequence of single rent-to-buy decisions, using the assumption that the resource use times are ind...