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Economic Rents at Heathrow Airport
SSRN Electronic Journal, 2020The Paper challenges the common supposition that (scarcity) rents at Heathrow airport accrue from airlines charging efficient clearing prices and instead suggests that because of oligopolistic practices, much of the rent at Heathrow is quasi-monopoly rent. It also suggests remedies that could be implemented in the short term before more runway capacity
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The Prospector and Economic Rent
The American Journal of Economics and Sociology, 1953THE CASE FOR APPROPRIATION by government of all or most of the annual rental value of land and natural resources is so strong that refusal to accept it seems hardly to be accounted for otherwise than from failure to understand it. Many of the misconceptions of it which tend to prevent acceptance I have sought to analyze in various books and articles ...
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Economic Rent, Rent-Seeking Behavior, and the Case of Privatized Incarceration
2018The concept of economic rent is among the oldest in political economy. This reflects the fact that economies have always included parties whose income appears more parasitic than productive. The concept of rent-seeking refers to the efforts of parties seeking to secure such income by way of gaining influence over economic regulation or otherwise ...
Daniel Halliday, Janine O’Flynn
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Effects of Resource Rents (Economic Rents) on Ghana's Presidential Elections
SSRN Electronic Journal, 2017Many scholars have argued paradoxically that the availability of natural resources tends to hinder development. A key reason behind this hindrance may lie in how natural resources affect politician’s incentives. For example, they may lower accountability by easing taxation (Madhavy 1970; Huntington 1991; and Morrison 2007), increasing repression ...
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Rent seeking and economic growth
2023The purpose of this study is to investigate the effects of rent seeking on economic growth measured as Total Factor Productivity (TFP) in advanced and developing countries from 1985 to 2007. Although rent seeking is something that we know occurs, the research that has been devoted to it is rarely accurate and carefully described (Tullock, 2008:100 ...
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The Economics of Low-Rent Housing
Canadian Journal of Economics and Political Science, 1949A chemist who either discussed his subject, or worked in his laboratory, on the assumption that all elements were equal, or that matter was composed of single homogeneous units called “molecules,” would not remain long in his profession. Force of ridicule, or of some even more drastic happening, would remove him. But the economics of many practical and
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Economic rent and the mining industry
Minerals & Energy - Raw Materials Report, 1998Abstract The economist's concept of rent is purely technical and descriptive, yet it gives rise to many misconceptions and much emotional argument within the minerals industry. Many people in the industry, lacking the necessary theoretical background, even deny its very existence.
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Gauthier on Rights and Economic Rent
Social Philosophy and Policy, 1992David Gauthier'sMorals by Agreementis an impressive — indeed, daunting — exercise in contractarian moral and political philosophy. The primary purpose of his treatise is to explicate practical rationality as constrained maximization and morality as compliance with these constraints.
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