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This study attempts to investigate how Germany's energy transition has affected environmental quality by considering natural resources, economic growth, financial development, and financial globalization for the period from 1980 to 2021. It is also aimed to discover that the interactions alter with different levels of load capacity factor and explanatory variables using novel quantile-based approaches. Thanks to the unique approaches utilized, the environmental efficacy of the energy transition process can be determined for different quantiles and time periods. The results reveal that although financial globalization and financial development enhance environmental quality, economic growth and increasing natural resource rents harms environment. In addition, the increase in energy transition in all quantiles also has a positive effect on the load capacity. This impact is weak in quantiles with high and low environmental quality, but it becomes more pronounced in middle quantiles of load capacity. Our study offers various policy recommendations to increase the short- and long-term low-level environmental effectiveness of the energy transition process in Germany. [ABSTRACT FROM AUTHOR]

This paper investigates differences in the views of rent negotiating landlords and retail trade tenants regarding the importance of various factors in their rent negotiations. The paper explores whether these actors' expectations are forward or backward looking as economic activity is increasing after the COVID-19 pandemic. Also, their different levels of trust in institutions, and in their counterpart as organisation and individual, are analysed. The study uses a web-based survey, gathering responses from some 100 landlords and tenants in the Swedish retail sector, and logit regressions. As demand increases after the pandemic, indicating a possibility to increase rents, the study finds that landlords are forward looking at this stage of the business cycle as regards industry developments, while tenants are backward looking or more focused on current contractual rents. Tenants focus more on vacancies and property value, which are set under pressure due to structural changes such as increased use of e-commerce and changes in working habits after the pandemic. Landlords show a higher level of trust in their counterpart as an individual than do tenants. This study contributes to an increased understanding of rent negotiations in two sectors – property and retail – that are facing structural challenges and difficulties in the wake of the pandemic. [ABSTRACT FROM AUTHOR]

AbstractThe significant increase in profits generated by platforms has sparked considerable debate regarding the nature of this income. These discussions center on two perspectives: the value-creating perspective suggests that their profits result from new forms of exploitation in the platform economy, while the rent perspective argues that the platforms extract and transfer value from other value-creating activities. While the latter perspective acknowledges that platforms do not directly engage in value creation, it fails to analyze their functions from the standpoint of Marxian circulation theory. Viewed from this standpoint, platforms represent a new form of commercial capital that propels circulation. Through their capacity to collect and process user behavior data, they attain a higher level of centralization than traditional commercial organizations, and extract value created by productive activities. [ABSTRACT FROM AUTHOR]

This work simulates the long-term land use and transportation impacts of upzoning in the region of Seattle, Washington at the parcel level, using UrbanSim and an agent-based travel demand model (SoundCast). Scenario results are compared to illuminate differences in a Business-as-Usual (BAU) future versus two upzoning scenarios that upzone all single-family-use residential parcels in the region or just those in the City of Seattle to 3 dwelling units per parcel. Under BAU, affordability falls 20% and rents rise 6% between 2014 and 2050, as the regional population grows to 5.7 million. With regional upzoning, 68,400 more dwellings are added, with rents 10% lower compared to the BAU future. The housing affordability index falls from 75.3 to 67.31, a significant improvement over the BAU scenario's sharper fall to 60.6. If only the City of Seattle upzones, only 3,400 additional units are predicted, but rents are 5.2% lower than the BAU case. [ABSTRACT FROM AUTHOR]

We study the rent‐seeking phenomenon using a simple, static general equilibrium model. The economy consists of two sectors, both employing a constant returns‐to‐scale technology with labor as its sole input. One of the sectors is a monopoly, where a continuum of agents compete for a share of monopoly profits (i.e. rent). Agents are heterogeneous in labor productivity and rent‐seeking ability: they face a choice between engaging in (productive) work or vying for a share of the rent (i.e., a contest against other rent‐seekers). At the aggregate level, rent‐seeking reduces the available amount of labor in the economy and thereby lowers output and welfare (rent‐seeking is inefficient). At the individual level, rent‐seeking shifts income towards rent‐seekers. Consequently, an economy with few rent‐seekers tends to have high income inequality: an effect that is exacerbated by the fact that rent is decreasing in the number of rent‐seekers (low levels of rent‐seeking increase inequity). This tradeoff between efficiency and equity is the primary focus of this paper. We investigate how the distribution of rent‐seeking ability and the correlation between labor productivity and rent‐seeking ability shape this tradeoff. [ABSTRACT FROM AUTHOR]

This article traces trends of income inequality in Mexico City from 1770 to 1930 by measuring the gaps between urban real estate rents and unskilled wages. The article presents the first long‐term series of real estate values and rental income for Mexico. One series summarizes the price of an apartment in tenement housing (the prevalent type of popular housing in Mexico), while the other relies on newspaper ads, notarial records, and other sources to estimate property values and rental yield (rental revenue relative to property values). From these wage and rental income series, we calculate rental–wage ratios that are broadly representative of the income gaps between the wealthy and unskilled workers. We find that, at the end of the eighteenth century, inequality moderately increased, followed by a more egalitarian period in the first half of the nineteenth century, and a ballooning in the last quarter of the nineteenth century that persisted into 1930. While inequality receded after the insurrection in the 1810s, it remained high after the Mexican Revolution. We hypothesize that inequality was sensitive to economic growth, and that generalized violence did not universally temper inequality. [ABSTRACT FROM AUTHOR]

We analyze the effect of transparency of past trading volumes in markets where an informed long-lived seller can repeatedly trade with short-lived uninformed buyers. Transparency allows buyers to observe previously sold quantities. In markets with intraperiod monopsony (single buyer each period), transparency reduces welfare if the ex ante expected quality is low but improves welfare if the expected quality is high. The effect is reversed in markets with intraperiod competition (multiple buyers each period). This discrepancy in the efficiency implications of transparency is explained by how buyer competition affects the seller's ability to capture rents, which, in turn, influences market screening. (JEL D40, D82, D83, G14, L15) [ABSTRACT FROM AUTHOR]

Among housing observers, Vienna is typically treated as a posterchild of decommodification, showcasing the power of politics to tame the profit motive in housing. We argue that this view requires nuance. In the regulated private rental market, which accounts for one-fifth of all housing units in the city, commodification has become a trait of Vienna’s housing system over the last three decades. Based on policy analysis and transaction data we trace the state promoted intensification of commodification and the rise of corporate owners. We show how, together, they substantially transformed regulated private renting by opening and exploiting regulatory loopholes to maximize returns. We then demonstrate, based on survey data, how this was accompanied by improved housing quality in the sector, yet also by rising rents, affordability burdens, and housing insecurity. The paper balances existing accounts of Vienna’s housing system, while also speaking to debates around the revival of private renting. [ABSTRACT FROM AUTHOR]

This paper retraces the history of Italy's first-generation rent control—a strict system of nominal rent freezes—from its adoption in 1915 to its final dismantling in 1978. It investigates the political and economic reasons why this policy was adopted, removed, intensified, or lightened at different times. In addition, this paper reports data on the evolution of rents in various Italian cities over the period considered, drawing them partly from published statistical sources and partly from archival research. In particular, it presents original data on controlled and uncontrolled rents in nineteen Italian cities between 1953 and 1975 (with gaps), taken from the Istat historical archive. [ABSTRACT FROM AUTHOR]

We look at how the arrival of an invention affects wage returns and the probability of moving out of employment for white- and blue-collar co-workers of the inventor. First results suggest that older workers are hurt by the arrival of an invention. This negative effect disappears when we control for education and, in particular, for the time since obtaining the last formal degree, that is, distance to human capital frontier. If anything, this effect is slightly higher for non-STEM than STEM-educated co-workers. This result suggests that retraining programs could be helpful in making the process of creative destruction and economic growth more inclusive. [ABSTRACT FROM AUTHOR]

The evolution of rent sharing is studied. Based on a panel of the top 300 publicly quoted British companies over 35 years and using excess stock market returns to patenting activity as an instrument for economic rents, the paper reports evidence of a significant fall over time in the pass-through from rents to wages. It confirms that wages do respond to firm-level shocks to economic rents, but by significantly less after 2000 than during the 1980s and 1990s. The evidence of decline is robust, corroborated with alternative instruments and industry-level analysis for the United States and the European Union. [ABSTRACT FROM AUTHOR]

This paper examines the principle-agency problem between landlords and real estate agents using novel data on rental contracts. Real estate agents are found to obtain higher contract rents by approximately 1% more for themselves (and family members) than for other landlords, which is economically small. The results suggest that the principle-agency program with real estate agents is less of a concern in the rental market than the ownership market. The reason potentially relates to the commission structure, the relatively low effort associated with finding a tenant, the landlord's ability to evaluate an agent's performance, and reputation concerns from repeated interactions. [ABSTRACT FROM AUTHOR]

The paper examines the narratives and traditions that converged in the debates that raged in the House of Commons in response to the UK government's controversial proposals for planning reform in 2020. Using decentred theory, it is argued that planning is essentially decentred in that it has no essence, no fixed core beyond a general concern with the relationships between town and country, central and local government, economic development and the environment, private property and community, individual freedom and state power. This means that English planning comprises a web of contradictory traditions that can be articulated in service of various agendas. The analysis explores how the traditions in planning were interpreted through and reframed by various ideological traditions in the Conservative Party to legitimise different arguments concerning the desirability, or otherwise, of housebuilding and how planning should govern new housing development. [ABSTRACT FROM AUTHOR]

The resource curse hypothesis postulates that countries endowed with and dependent on abundant natural resources tend to underperform in socioeconomic and development outcomes than those with fewer natural resources. Recently, a few studies argued that this curse also manifests in lower life satisfaction or happiness. Focusing on 31 net oil-exporting countries over the 2006–2019 period, we find no evidence that oil rents (and aggregate and disaggregate resource rents) have an adverse effect on happiness or subjective well-being. This contrasts with recent studies using a global sample. We further contribute to this debate by examining the channels of resource curse or blessing along with income, unemployment, inflation, levels of human development, and governance. We show that oil rent enhances the positive marginal effects of income on happiness. We find no evidence of this conditional effect through other channels. Being rich in oil or natural resources is not necessarily a curse on happiness, but, if any, it is a blessing through income-generating well-being. [ABSTRACT FROM AUTHOR]

Copyright of Economía, Sociedad y Territorio is the property of El Colegio Mexiquense and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

During the High Middle Ages, hereditary land tenure prevailed throughout East-Central Europe, often in a formalised manner based upon the ius emphyteuticum, whereby peasants were guaranteed a stable amount of land rents to be paid to landlords. There was, however, a legal institution that enabled the landlords to practically renegotiate original settlement contracts without openly violating them, in order to increase their income: the law of re-measurement of settlements (ius mensurationis). On examples from Silesia and Bohemia we have demonstrated that the landlords used this means plentifully, either directly through its actual implementation, or indirectly by renouncing their claims for payment. We have also hypothesized on the rationale and origin of the ius mensurationis, analyzed who could raise claims based upon it, and commented on the formulas related to this legal institution, which may be found there in Silesian and Bohemian charters. [ABSTRACT FROM AUTHOR]

The rule of law is a process whereby the citizens—society—are in a race with the state—government—to thread the needle between anarchy and despotism, or to live in "the narrow corridor," as Acemoglu and Robinson (2019, Penguin Books) call it. In the narrow corridor, private and collective institutions balance the coercive power of the state necessary to prevent citizens from taking from one another with private control of resources and exchange that create gains from trade. We argue that pre-contact Native Americans, as residual claimants of rents created by rules of law embedded in cultural practices that achieved this balance, were able to build healthy economies based on clear property rights and exchange. During the early period of European contact, American Indians and Europeans continued to abide by rules of law that encouraged trading rather than raiding. By the nineteenth century, however, rules imposed by the federal government declared Indians to be "wards" of the state and replaced productive trading rules of law with predatory rent-seeking rules. Settler governments justified rent seeking on the grounds that tribal customs and cultures were lawless and inefficient, but a deeper understanding suggests that those more local institutions represented a rule of law that balanced collective action and private action in ways that encouraged investment and exchange. Ironically, federal laws have suppressed Indian liberties, caused abject poverty, and left jurisdictional gaps in the rule of law that have enabled disorder. We conclude that the path back to the narrow corridor requires granting American Indians the sovereignty that will make tribes residual claimants of rents created by productive rules of law of their own making. [ABSTRACT FROM AUTHOR]

As an absolute measure of deprivation poverty fails to capture the impact pandemic-related disruptions had on households. In this study, we use data from the Ypsilanti COVID-19 Study, a cross-sectional survey of 609 residents taken during the summer of 2020, to control for pandemic-related disruptions on bill-paying and food hardship. Using logistic regression models in which specific forms of bill-paying (i.e. late paying rent, late paying utilities) and food hardships (i.e. eating less over 7 days, worried food will run out) served as dependent variables, we find that disruptions to household finances, particularly job loss, significantly increased the likelihood of experiencing bill-paying and food hardship, respectively. Our study also controls for the type of hardship experienced to see which strategies households employed during the pandemic to exit material hardship. Through logistic regression models on methods of exiting material hardship, we find the type of hardship experienced was not predictive of applying for either SNAP or UI. Moreover, we find UI was less accessible to low-income individuals experiencing hardship. The findings from our study elaborate the relationship between pandemic-related disruptions and material hardship, and indicate to policymakers that preventing hardship in the first place is much more meaningful to households than attempting to use policy to bring households out of hardship once they experience it. [ABSTRACT FROM AUTHOR]

A multi‐product monopolist sells sequentially to a buyer who privately learns his valuations. Using big data, the monopolist learns the intertemporal correlation of the buyer's valuations. Perfect price discrimination is generally unattainable—even when the seller learns the correlation perfectly, has full commitment, and in the limit where the consumption good about which the buyer has ex ante private information becomes insignificant. This impossibility is due to informational externalities that require information rents for the buyer's later consumption. These rents induce upward and downward distortions, violating the generalized no distortion at the top principle of dynamic mechanism design. [ABSTRACT FROM AUTHOR]

In the present study, the causality between resource rents, openness, and economic growth was investigated using the quantile causality method and quarterly data (2006–2021) in Iran. The advantage of this method is that it makes it possible to investigate the relationships of variables in the conditional distribution tail and all quantiles by using quantile‐based conditional regressions. The results showed a bi‐direction causality between resource rents and growth in the tail of the distribution. Therefore, in the upper median quantiles, the causality is from the resources rent to growth, and in the lower quantiles, the causality is in the opposite direction. The results confirmed, in general, the presence of bi‐direction causality between economic growth and openness in quantiles. In the middle quantile, there is a uni‐direction causality relationship from growth to the trade openness, and in the upper quantile, there is causality from openness to economic growth. In addition, the results showed evidence of a tail dependency between resource rents and trade openness, in some quantiles, the causal relationship is from openness to the resources rent, and in the median quantiles, the causality is from rent to openness. These results show that the rent effect of natural resources can be considered as an opportunity for economic growth by adopting appropriate and flexible policies by governments. We recommend the implementation of more trade liberalization policies to maximize the benefits from trade openness, especially in the countries where the resource curse phenomenon reported. Important policy implications can be learned from the empirical results. [ABSTRACT FROM AUTHOR]

We first estimate the direct effects on local workers' earnings and housing costs from increases in local labor demand caused by gains in city-level manufacturing productivity. We find that local workers benefit from productivity growth, even after subtracting increases in housing costs. These gains are larger for local less educated workers, such that productivity growth reduces local inequality. We then propose and implement a new transparent method of estimating indirect effects of local productivity growth on earnings and housing costs of workers in other cities. We find that these general equilibrium effects are economically important and disproportionately benefit college-educated workers. [ABSTRACT FROM AUTHOR]

Entry in a homogeneous Cournot‐oligopoly is excessive if there is business‐stealing. These findings assume that production costs reduce profits and welfare equally. If firms pay informational rents due to frictions in the employer–employee relationship, production costs partly reflect transfers, which do not alter welfare directly. We investigate the excessive entry theorem in the presence of rents. We find that informational rents can invalidate the theorem. Rents reduce profits and deter entry into the market equilibrium, while the socially optimal number of firms is not affected directly. The rent effect becomes stronger the lower the number of firms and can overcompensate the business‐stealing externality. As an example, we model a hidden action problem in which employees have an informational advantage after signing the contract with the firm. Insufficient entry occurs if entry costs are sufficiently high because they lower the number of firms and raise informational rents. [ABSTRACT FROM AUTHOR]

Copyright of Selcuk Law Review / Selçuk Üniversitesi Hukuk Fakültesi Dergisi is the property of Selcuk Law Review and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper extends the traditional rent-seeking model to consider contests in which the effects of the contestants' efforts are externally unproductive (i.e., redistributive) but internally productive (i.e., with positive spillover effects on other contestants). Our results show that when players act sequentially, the presence of positive spillovers on other contestants may reduce, or even reverse, the first-mover's advantage. A second-mover advantage is very likely to arise. Notably, in contests with multiple players, the second-mover advantage does not unravel into a last-mover advantage. Players want to be second, but not last. The comparative statics analysis shows how the strength of positive spillovers affects contestants' equilibrium expenditures and payoffs, and aggregate rent dissipation. [ABSTRACT FROM AUTHOR]

Marx's theory of ground rent has been widely used to help understand the trinity of land, labor, and capital. However, limited attention has been paid to the role of water within the Marxian rent framework. This lack of attention proves troubling due to the role of surface waters as an essential means of production throughout capitalism. Here I restate Marxian ground rent in the form of water rent and discuss the function of water-rent in the two dominant surface water rights doctrines of the United States—the riparian doctrine and the doctrine of prior appropriation. In doing so, I revise the distinction between differential rent 1 and differential rent 2 to provide more analytically useful categories. Paying special attention to issues of drought and scarcity, I fully articulate the function of Marxian rent and its four forms for both surface water rights doctrines, while clearly stating where they do and do not differ. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Ciencias Sociales (13159518) is the property of Revista de Ciencias Sociales de la Universidad del Zulia Venezuela and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

For land rent, it is characteristic that it arises as a consequence of capital investment in the purchase of land, which is not a production investment, because capital is not invested for the reason of organizing agricultural production, the main reason of investing capital is to acquire certain ownership of land areas. In this paper, we will present the possibility of solving the problem of rent calculations using the economic application of the definite integral. First, we will show if the integral calcusus is applied in the rent calculation and then in the domain of its calculation. [ABSTRACT FROM AUTHOR]

Appointing individuals drawn from suppliers and customers to a firm's board of directors is an increasingly popular practice that can enhance the interorganizational relationship and generate relational rents. Yet, such board members may act in the best interest of their primary employer rather than the shareholders of the firm whose board they serve on, thus creating potential agency conflicts. Drawing on the relational view and agency theory, we explore the tension between rent generation and agency costs and consider how a firm can design governance mechanisms to effectively leverage customer or supplier representation on the board of directors. The associated hypotheses are tested using a large panel dataset constructed from multiple archival sources, and our findings suggest that supplier and customer board members are a double‐edged sword: While they generate value in some instances, they can also be associated with lower performance depending on the levels of two key governance mechanisms—the number of inside directors on the board and the proportion of outcome‐based board member compensation. [ABSTRACT FROM AUTHOR]

This article examines the uncertainties arising from agent interactions in interregional resource-intensive markets, particularly those prevalent in northern regions, and explores factors undermining their effectiveness Given these circumstances, the study aims to establish an optimal balance of interests between external and internal beneficiaries by taking into account interests, as well as reducing transaction uncertainty by considering their interests and mitigating transaction uncertainty through the optimization of market regulators in the context of interregional resource-intensive markets typical of northern regions. The analysis reveals that the condition of a single market equilibrium is compromised due to the influence of exogenous factors and the endogenous formation of institutional mechanisms that coordinate agent actions amid uncertain collaborations. Contrary to the neoclassical approach, which focuses on competitive pricing without altering the market structure, an alternative perspective posits that spatial externalities induce endogenous mechanisms characteristic of Chamberlin-type market structures. The study expands the understanding of uncertainty causes within the theory of incomplete contracts, incorporating social system costs into transaction costs in line with the neo-institutional concept. This conceptual framework enables the exploration of spatial entities as meso-economic systems, with a specific emphasis on the organizational and geographical characteristics of northern territories. The research evaluates four institutional zones governing economic management practices in northern regions. Through competence enhancement and optimization of market regulator design, the study demonstrates the feasibility of achieving a balance of interests between external and internal beneficiaries by strengthening institutional capital, thereby reducing social system costs. The proposed system of organizational and institutional measures enhances local institutional practices within the existing institutional matrix without violating antimonopoly legislation, as its focus is on restoring competitive conditions and reducing the costs of operating the social system.

AbstractThis study provides an incisive analysis of U.S. rail station area rent trends from 2012 to 2016, post-Great Recession. Utilizing Ordinary Least Squares (OLS), Hierarchical Spatial Autoregressive (HSAR), and Geographically Weighted Regression (GWR) models, it uncovers complex interplays between rent changes and socioeconomic, as well as built environment factors. Key findings reveal that increased rents are associated with walkability, higher housing density, and predominantly White neighborhoods. Conversely, rent decreases correlate with diverse land use, higher Black population percentages, and locations further from rail stations or business districts. These results are critical for understanding rent dynamics in transit-oriented development areas, impacting diverse housing market sectors, including workforce and affordable housing. The study’s regional analysis highlights the need for geographically tailored approaches. This research informs policy on housing development and affordability, aiming to mitigate displacement risks for low-income, transit-dependent communities in gentrifying urban areas.

Financial capital is currently being heralded for its potential to provide social and environmental transformations. This paper provides an in-depth case study of the Seychelles Blue Bond, highlighting the state's (fiscal and planning) capacities as central in mediating the future rents and value production when channelling thematic bond proceeds. Even as the Blue Bonds tapped into private capital markets and bond proceeds were intended to provide leverage for private businesses, this operation was contingent on complex economic and environmental planning by the state. Using literature on fictitious capital, rent and the role of the state in governing natural resources, this paper shows how the state needed to govern investment flows and its environmental conditions simultaneously in the case of the Seychelles Blue Bonds. By examining how the state tries to govern environments and finance in tandem, this paper contributes to geographical research on public fiscal policy, financialisation and environmental governance. [ABSTRACT FROM AUTHOR]

Platform capitalism is a growing reality with a widening social and economic impact. The rapid expansion of Short-Term Rental (STR) platforms has led to new challenges for policy regulation. The main objective of this paper is to shed some light on current conflicts surrounding the regulation of STR. The body of literature on this topic mainly focuses on the increasing substitution of sharing economy by commercial hosts. By contrast, we explain that the ideological notion of host hinders the understanding of the supply-side structure. A critical approach (as critique of ideology and ideological categories) should entail a class perspective based on rent theory and engage with critical works on platform capitalism. In this article, we propose an innovative analytical approach to STR supply-side supported by rent theory, which focuses on the relationship of agents with land and technology ownership and specialised management services, as these are forms of rent appropriation. From this point of view, these supply-side agents are not hosts, but class factions with common and competing economic interests in rent appropriation. Therefore, they can employ a variety of strategies to influence the political regulation of STRs. Based on in-depth interviews with landlords, individual managers, and corporate agencies in Andalusia (Southern Spain), we show the conflicting internal structure behind the ideological notion of host and even professionalisation. [ABSTRACT FROM AUTHOR]

Copyright of Polityka Spoleczna is the property of Institute of Labour & Social / Instytut Pracy i Spraw Socjalnych and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In a remarkable 1784 letter, Magdalena More (ca. 1731–1820) exposes the complexities of enslavement in Bethlehem, Pennsylvania. Magdalena More was sent to Bethlehem enslaved in 1747, was manumitted in the 1750s, and died there in 1820. Her husband, Andrew, remained enslaved from his arrival in Bethlehem in 1746 until his death in 1779. Her letter, published here for the first time, criticizes Moravian authorities for compelling her enslaved husband to pay rent and for neglecting other obligations they had to him. [ABSTRACT FROM AUTHOR]

This paper investigates the role of natural resource rent and other forms of rent on the economic growth of Middle Eastern and North African (MENA) countries within the framework of the rent curse theory. Rent curse theory suggests that while certain types of rent, such as geopolitical, regulatory, and labour rent, can hinder growth, others may act as incentives. Employing the partial least squares structural equation model (PLS-SEM), this study examines the impact of rent and financial development on economic growth in the region. The empirical findings reveal that forms of rent derived from natural resources and regulatory rent have a negative effect on financial development and economic growth, but labour rent and geopolitical rent do not have any contribution to economic growth, so the rent curse theory cannot be confirmed by these two sources of rent. Furthermore. The result indicates that financial development is a crucial factor for economic progress. Moreover, the study suggests that globalization can enhance financial development in MENA countries and stimulate growth. [ABSTRACT FROM AUTHOR]

There is a large literature examining the macroeconomic effects of state economic development incentives on employment, income, tax revenue, and growth. At best, these incentives are found to be weakly effective at job creation, but inefficient due to the distortions, secondary effects, and increased rent‐seeking they encourage, with little public accountability. Given the evidence on their inefficiency, what explains their continued popularity? We find that large development incentives create substantial benefits for incumbent politicians in the form of both higher campaign contributions (particularly from business, labor, and construction sectors) and higher margins of victory at election time. Thus, political rent extraction may be the best explanation for the continued existence and popularity of these relatively ineffective incentive programs in states. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to explore the significance impact of air quality as a contributing factor on residential property rents by applying geo-informatics to economic issues. Since air pollution poses a severe health threat, city residents should have a right to know about the (invisible) hazards they are exposed to. Design/methodology/approach: Within spatial-temporal modeling of air pollutants in Berlin, Germany, three interpolation techniques are tested. The most suitable one is selected to create seasonal maps for 2018 and 2021 with pollution concentrations for particulate matter values and nitrogen dioxide for each 1,000 m2 cell within the administrative boundaries. Based on the evaluated pollution particulate matter values, which are used as additional variables for semi-parametric regressions the impact of the air quality on rents is estimated. Findings: The findings reveal a compelling association between air quality and the economic aspect of the residential real estate market, with noteworthy implications for both tenants and property investors. The relationship between air pollution variables and rents is statistically significant. However, there is only a "willingness-to- pay" for low particulate matter values, but not for nitrogen dioxide concentrations. With good air quality, residents in Berlin are willing to pay a higher rent (3%). Practical implications: These results suggest that a "marginal willingness-to-pay" occurs in a German city. The research underscores the multifaceted impact of air quality on the residential rental market in Berlin. The evidence supports the notion that a cleaner environment not only benefits human health and the planet but also contributes significantly to the economic bottom line of property investors. Originality/value: The paper has a unique data engineering approach. It collects spatiotemporal data from network of state-certified measuring sites to create an index of air pollution. This spatial information is merged with residential listings. Afterward non-linear regression models are estimated. [ABSTRACT FROM AUTHOR]

It is investigated under what conditions rents can be won through interference in the market through price subsidies. It is shown that owners of factors of production have an interest in price subsidies in the product market (which they can motivate with reference to "consumer interests") only if the factor supply is not perfectly price elastic, the incentive for rent-seeking increasing as the price elasticity of supply decreases. It is further demonstrated that this can occur in the case of differential rents. Since differential rents are found primarily in the use of land, land owners, i.e. farmers, should have especially high incentives to engage in rent-seeking activities. [ABSTRACT FROM AUTHOR]

Although housing plays a pivotal role in global capitalism, the theoretical links between housing research and political economy remain tenuous. Building on the recent revival of rent theory, this article fleshes out a political economy framework for the analysis of housing provision under capitalism. It opens with an outline of the process of “residential accumulation”, explained as a complex interaction between the opposing dynamics of rent extraction and capitalist production. The article then traces this interaction across the different phases of the housing provision process, starting at the point of production, passing through exchange and finance, and finishing with social reproduction. In doing so, the article identifies the conflictual social property relations at work, as well as how these are shaped by different institutional variables. It thus explores the dilemmas that residential accumulation poses for the governance of urban social formations – and, crucially, of capitalism more broadly. [ABSTRACT FROM AUTHOR]

This paper advocates for a greater emphasis on supply sided concepts such as the rent gap in the empirical operationalizations of gentrification. It provides a novel framework to identify rental‐sector gentrification areas through index construction by drawing on insights from the gentrification, rent gap, price index and hedonic regression literatures. The approach is highly adaptable to a variety of regulatory contexts and other housing market idiosyncrasies through the design of the underlying regression model. Drawing on data from the city of Vienna, local rent changes and their relationship to price‐effective transformations of the rental housing supply are quantified. After computing the respective indices, bivariate mapping is utilized to identify potential gentrification areas. [ABSTRACT FROM AUTHOR]

This article explores the concept of land rent and rentier capitalism in economic geography and urban studies. It identifies a lack of critical research on land rent in the "Global South" and "Global East," where significant struggles over land are occurring. The article examines the historical development of land rent theory and rent gaps, which are linked to gentrification and uneven capitalist development. It also addresses questions about the nature of land rent, the role of public policies and state institutions, and the potential for theories from outside the "Global North/West" to enhance understanding of global urban issues. The article concludes by introducing case studies from various regions that offer diverse perspectives on land rent and rent gaps, emphasizing the need for a reevaluation of existing theories and the incorporation of Georgist and Marxian perspectives to address housing affordability and labor exploitation. The authors highlight the evolving role of the state in managing and redistributing rent gaps and stress the importance of sustained engagement with the state for achieving equity and justice. [Extracted from the article]

Despite research on shantytown redevelopment highlighting socio‐spatial exclusion, the viewpoint frequently disseminated through social media depicts it as a massive wealth‐creation movement in China. This paper intends to provide evidence that evicted residents of a shantytown in Nanjing, China, share a common identity with the encroaching gentrifiers – the housing class. By shaping the housing class, an increasing number of urban residents become micro‐agents of housing financialization, allowing the rent gap to be frequently opened even without producing a 'higher and better' space. This enables capital to circulate and accumulate within a broader temporal and spatial scope. However, both the class imagination of the housing class and the financial speculation in the housing market are based on the expectation of continuous price growth. This is unsustainable and leaves the real housing needs out of the housing market, which is detrimental to housing equity. [ABSTRACT FROM AUTHOR]

This theoretical study delves into the dynamics of housing submarkets with the framework of Marxian land rents. It examines the relationship between residential spaces and the reproduction of labour power in terms of commuting and the differentiated quality of reproduction by submarket. This study shows that the differentiation process of venturing to create distinct spaces for surplus profit and the emulation process of copycatting spaces of higher rents consequently form multiple housing submarkets, each characterised by different land rents of monopoly, intra‐differential rent (intra‐DR) and inter‐differential rent (inter‐DR). The coexistence of these multiple layers of land rents, in turn, becomes a driving force propelling dynamic capital movements that seek to exploit rent gaps between the layers. To illustrate these concepts, the study reviews the case of high‐rise mixed‐use residential developments in Seoul, highlighting the dual dynamic processes through which land rents are pursued. [ABSTRACT FROM AUTHOR]

Platform‐mediated short‐term rentals (STRs) are a relatively new addition to the housing landscape, providing accommodation on a temporal scale that falls between hotel stays and long‐term rentals (LTRs). Given the potential for STR hosts to charge significantly higher nightly rates for the same property than they might through an LTR lease enumerated in months or years, many have asked whether a 'gap' exists between the two, and how persistent this may be over space and time. In this paper, we modify and validate classical bid–rent theory to investigate spatial variation in the rent gap between STRs and LTRs over time in two distinct contexts in Queensland, Australia. We conduct statistical analyses on STR data against LTR data from local property records in Brisbane and the Sunshine Coast, identifying a significant rent gap, particularly close to high‐amenity areas. We find strong evidence of distance decay in the rent gap, with rents converging with increasing distance in most cases, indicating that STRs only 'outcompete' LTRs near high‐amenity areas, which in this analysis are the central business districts (Brisbane) and the beach (Sunshine Coast). We also find that the rent gap increases as properties get larger in size, and over time. These findings carry implications for policy aiming to balance the needs of multiple stakeholders and political agendas against planning frameworks prescribing where short‐term accommodation is best situated. [ABSTRACT FROM AUTHOR]

In the past decade, the Chinese state seems to have moved away from its previously dominant urban development characterized by dispossession and displacement. It now appears less unscrupulous in exploiting rent gaps and seemingly attaches greater importance to extra‐growth goals in urban development such as de‐commodification, use value creation and equality. This article examines two such state‐led interventions: micro‐regeneration practices that renovate dilapidated neighbourhoods while avoiding displacement en masse and initiatives to minimize education‐based gentrification. Using examples from Nanjing, the article shows how both were limited and partial. Although local governments were enthusiastic about micro‐regeneration, their practices largely depended on public subsidies. Efforts to counter education‐led gentrification, on the other hand, were undermined by a lack of political will to unsettle vested power structures and contradictory policies. Therefore, China is not making the rent theory untrue. [ABSTRACT FROM AUTHOR]

Gentrification has become one of the planetary processes in reorganising urban spaces. China is not immune to the process. Generations of scholarship on gentrification in China have generated considerable insights into its varying logics, morphologies and mechanism in the Chinese context. Yet, most research tends to focus on a geographically well‐demarcated area, driven either by the state or capital, while overlooking the externalities of these projects over time. Through the notion of the rent gap and the empirical case of Taikoo Li in Chengdu, we develop the new dynamic formation of the rent gap theoretical framework to explain how a commercial gentrification project changed the urban centre space and trigger new rounds of the effects of gentrification in surrounding neighbourhoods. In so doing, we underscore the hitherto overlooked roles of time and scale in theorising rent gap and gentrification in China. [ABSTRACT FROM AUTHOR]