Union rent-seeking is considered a tax on f irm returns f rom investments in innovative activity. We examine this proposition by considering the responses o f f irms in a 1985 survey on R&D and product innovation. Consistent with our model, we f ind that innovative activity is significantly less important for union than for similar nonunion firms. We conclude that innovative activity may be an ...

Do states in the Global South learn from each other regarding management of forced migration? Although research has shown that refugees have recently been recast as an economic benefit for non-Western host states, little scholarly work exists on whether and how such a normative change is adopted across regions. In this article, we identify diffusion refugee rent-seeking behaviour, namely use st...

Developing technological applications, entering exploitation alliances, and choosing between a researchor service-focused strategic orientation are decisions that high-tech firms must manage concurrently. This paper explores systematically the contrasting effects of these strategic determinants on rent-generation and rent-appropriation using the entire population of French biotech firms (1994-2...

In this paper, we study the impact of tax policy on wage negotiations, workers' effort, and employment when effort is only imperfectly observable. We show that the different wage-setting motives – rent sharing and effort incentives – reinforce the effects of partial tax policy measures but not necessarily those of more fundamental tax reforms. We show that a higher degree of tax progression alw...

An essential part of local fiscal policy is the choice of the tax base. In this paper, we take four criteria to evaluate tax bases, namely: efficiency, simplicity, flexibility, and fairness. The results of such an evaluation highly depend on how we describe the involved agents. We construct a two stage model of a local economy with three types of agents: Leviathans, households, and housing firm...

This paper presents a dynamic model of residential real estate valuation that takes into account the uncertain time paths of rents and prices and the substantial transaction costs. By temporarily postponing decisions, buyers and sellers obtain additional information about future rents and prices and may avoid transactions that are costly to reverse. One implication is that the combination of su...

We study the benefits of private entrepreneurs entering into politics in China. Using original hand-collected data on political participation of entrepreneurs that control listed firms, we document evidence of rent seeking through their political networks and several potential channels through which rent seeking is realized. It is shown that political participation results in increased stock pe...

The low-income housing tax credit (LIHTC) is the largest project-based housing subsidy in the United States. Within the program, private developers receive a subsidy in exchange for constructing apartment units that rent for a predetermined affordable rate. Because the subsidy requires apartment buildings to charge a lower rental rate, the opportunity cost of developing subsidized housing in a ...

ABSTRACT This paper measures with a novel methodology the amount of agrarian ground rent intersectoral transfers in Uruguay and its relative weight national surplus value during period 1955-2019. In order to this, identifies mechanisms through which is transferred from landowners industrial commercial capitals. The main results show that transfers, particular exchange rate overvaluation, was re...