This paper studies the wasteful effect of bureaucracy on the economy by addressing the link between rent-seeking behavior of government bureaucrats and the public sector wage bill, which is taken to represent the rent component. In particular, public officials are modeled as individuals competing for a larger share of those public funds. The rent-seeking extraction technology in the government ...

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...

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...

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...

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...

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 article debates the origin of rent in natural-resource based industries (NRBIs) such as fisheries, and how generated can be appro­priated. Norwegian fish harvest­ing industry is used to illustrate arguments. It argued that industry-specific institu­tional framework harvesting positively affects compe­titive forces industry, thereby its economic performance. Fishery management institu­tions ...

cycles fluctuations in housing investment and national economy, variation in consumers and producers behavior, deviation in allocation of economic resources, the aggravation of capital transfer in asset market, the variation of income distribution pattern and imbalance in resource and expenses are the consequences of fluctuations in housing prices. these consequences and its control and recogni...

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...