Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/124296 
Autor:innen: 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
54th Congress of the European Regional Science Association: "Regional development & globalisation: Best practices", 26-29 August 2014, St. Petersburg, Russia
Verlag: 
European Regional Science Association (ERSA), Louvain-la-Neuve
Zusammenfassung: 
Rent-seeking is defined as exercising privileges or expending resources in order to obtain uncompensated gain by redistributing the wealth of others without reciprocating any benefits back to society through wealth creation. This paper pioneers in analyzing the agglomeration of rent-seeking activities in geography and the corresponding impact on regional economies. First of all, we construct a theoretical model based on the standard settings in the literature of economic geography with two types of mobile workers. Each agent maximizes his/her utility, whereas the distribution of agents' type corresponds to a map of productive and rent-seeking activities. Next, conditions for the agglomeration of rent-seeking activities are characterized, which constitute partially segregated equilibria. Finally, based on a panel data analysis for the conterminous 48 states in the U.S., we examine by how much the regional per capita real GDP drops when there is an extra 1 percent increase in the rent-seeking activities in the housing market.
JEL: 
D50
D72
O18
Dokumentart: 
Conference Paper

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