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- W2358871508 abstract "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 control resulted in non-exclusive income in case of the governmental regulation. The existence of non-exclusive income induces every party involved to scramble for it, which is costly course of competition. Because every party involved is rational agent, however, who seeks to minimize the dissipation subject to constraints, and in some cases, the government regulates the use of the common property, the rent will dissipate, but not all in most cases. The theory of rent dissipation is very important for us to understand the implications of property rights for the allocation of resources." @default.
- W2358871508 created "2016-06-24" @default.
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- W2358871508 date "2005-01-01" @default.
- W2358871508 modified "2023-09-23" @default.
- W2358871508 title "On the Theory of Rent Dissipation" @default.
- W2358871508 hasPublicationYear "2005" @default.
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