The article discusses the relationship among the municipal government, taxi companies, taxi drivers and the public and their rent—seeking behaviors, assesses the amount of the rent, rent dissipation and the loss of social welfare, and eventually points out the best solution: the government should release the regulation on taxi industry to reach the optimization of resource allocation via market competition
This article probed the strategic issues in new product introduction in the tradition a marketing, using classical economics of economic rent, dissipation of quasi-rent as well as the core competence,explained how different firms should rationally select the co-competition strategy in the process of new product introduction, and put forward the main condition of successfully carrying out the strategy of new product introduction.
Combining the revenue effect and rent dissipation effect of licensing,how competition among several technology owners affects their incentives to license technology to potential entrants by s fixed-fee is studied.
Basic on establishing the model of entrusting-acting game in public financial expenditure, this article points out that to limit rent-seeking, it’s necessary to begin with financial system reformation, and through establishing rent dissipation mechanism, compress and dissolve the rent-seeking space from system level.
This article introduces the concepts of industry-specific resources and industrial rent,and points out that industrial rent dissipation is the fundamental driving force of the production of industrial associations in market economy.
The conventional wisdom in the rent-seeking literature suggests that the rent dissipation increases with the number of potential participants and with their productivity of effort.
We also establish the following results: rent dissipation increases, individual winning probabilities decrease, and individual spending either increases or decreases with the addition of a player.
The article discusses the relationship among the municipal government, taxi companies, taxi drivers and the public and their rent—seeking behaviors, assesses the amount of the rent, rent dissipation and the loss of social welfare, and eventually points out the best solution: the government should release the regulation on taxi industry to reach the optimization of resource allocation via market competition
Rent dissipation means the value of the valuable resource or property reduces, even vanishs for some reasons. The reasons for rent dissipation is the property rights to a resource or a asset are not defined,which places the resource or asset in the public domain and leads to costly competition. The overdue enforcement costs are also the sources of the rent dissipation in case of the definition of property rights. Rent dissipation is the outcome of price contro...
We use the auction theory to discuss the recruitment exam.In the benchmark model of exam,efficient allocation of positions can be accomplished by the exam and number of examinees and positions has different effect on different examinees.It is profitable to set a reserve score for a examiner who maximize winners' expected total scores.In the asymmetric exam,weaker new examinees may score more than stronger old examinees.The rent dissipation rate will be lower than 1 if there is not the reserve sc...