This article studies the evolution of housing rents in St. Petersburg between 1880 and 1917 covering an eventful period Russian world history. We collect digitize over 5,000 rental advertisements from historic newspapers, which we use together with geo-coded addresses detailed structural characteristics to construct a quality-adjusted rent price index continuous time. provide first pre-war pre...

Most cities in Germany regularly publish a booklet called \Mietspiegel" that allows calculating an estimate of the fair rent for a at. The Functional Rent Advisor (FRA) extends the functionality and applicability of the \Mietspiegel" for the city of Munich so that the user needs not to give all required information. The FRA is implemented using the high-level purely functional language Haskell....

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

A house or a place to live is primary need for all beings, but the lack of affordable housing buy rent can trigger global crisis. After collapse market in US subprime crisis 2008-2009 there was revival focus on market. Empirical research has been conducted look at variables that affect prices. However, it still rare researchers examine influence macroeconomic countries have strong role world ec...

Rent-Sharing, Hold-up, and Wages: Evidence from Matched Panel Data It is widely believed that rent-sharing reduces the incentives for investment when long term contracts are infeasible because some of the returns to sunk capital are captured by workers. We propose a simple test for the degree of hold-up based on the fraction of capital costs that are deducted from the quasi-rent that determines...

Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of future mobility and the belief that society offers equal opportunities. We add to previous research by investigating the role of individual and social norms on rent seeking. We find that the individual propensity for stigmatizing rent seeking significantly and positively affects pr...

Firm Size, Economic Situation and Influence Activities This paper discusses the optimal firm size in the presence of influence activities, and the level of individual rent-seeking dependent on the economic situation of the firm. Since firm size has a discouraging effect on the level of individual rent-seeking but also a quantity effect as the number of rent-seekers increases, the interplay of b...

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...