PLACE FOR RENT “TOTAL”

ITS for Rent

Daihatsu Motor Company, in conjunction with the Japan Electric Vehicle Association, also carried out a small-scale EV demonstration in Japan some 20 years ago. In recent years, Japanese corporations and researchers have conducted a succession of demonstrations of shared small EVs. Leading the way was Honda’s field trial of its Intelligent Community Vehicle System in 1998 at its Motegi recreatio...

Rent Control

Rent-setting in multiple winner rent-seeking contests

In this paper, we analyze a multiple winner rent-seeking contest where the number of winners is set by a self-interested regulator. The winners receive a license to compete in a market. The structure of competition in the market influences the number of winners through the preferences of the regulator. The model indicates that Cournot competitors can be better off than firms that are able to co...

Protection for Sale with Imperfect Rent Capturing

We extend the protection for sale framework by modelling non tariff barriers. Explicitly introducing partial rent capturing leads to a testable specification that bridges the gap between the theoretical Grossman and Helpman (1994) model and its empirical implementation, where coverage ratios have been used to measure protection. Our econometric analysis supports the augmented specification and ...

Rent-Seeking and Innovation

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...