Optimal Contracting or Extraction of Rents?

Rent Extraction-Efficiency Trade-Off (Laffont & Martimort Chpt 2)

... optimal contract (A*,B*) is not incentive compatible, but we can get same production levels by offering (C,B*)... giving. * q. ∆ rent to efficient agent.

A Rent Extraction View of Employee Discounts and Benefits

We characterize how optimal perk provision depends on the set of feasible contracts, on the perk's marginal cost, and on the perk's price in the outside market.

Executive pensions, disclosure quality, and rent extraction - CiteSeerX

the optimal contracting approach, boards and compensation committees are assumed to design executive compensation to maximize shareholders' value ...

Long-Term Contracting with Markovian Consumers - Marco Battaglini

To determine optimal supply, therefore, it is important to understand the impact over expected rents of this change at time t. To this goal, consider the right ...

CEO Tenure, Market Competition, and Sticky Pay‐without ...

CEO Tenure, Market Competition, and Sticky Pay‐without‐performance as the Extraction of Rents ... rent extraction, ... According to the optimal ...

6 Can powerful managers extract rents?

distorts optimal compensation contracts and that the existing empirical evidence better supports the bargaining model than the optimal contracting paradigm.

CAPITAL STRUCTURE IN THE CONTEXT OF CEO'S RENT ...

reflect both optimal contract and rent extraction and the relative size of each of these aspects may differ from component to component of the CEO pay.

Vertical Integration, Appropriable Rents, and the Competitive ...

Teece, Vertical Integration and Divestiture in the U.S. Oil Industry 31 (1976). Page 4. COMPETITIVE CONTRACTING PROCESS. 299 present site, the entire quasi rent ...

5 Optimal Resource Extraction Contracts under Threat of Expropriation

And even if firm's rents are dissipated through some competitive mechanism, the deadweight loss associated with expropriations may be reduced through such a ...

Lectures in Contract Theory - Meet the Berkeley-Haas Faculty

the low type's bundle, and this is exactly his rent in the optimal contract. ... first period, and first order gains from extracting rents through inefficiencies.

Optimal Rent Extraction in Pre-Industrial England and France

Beginning in the mid-seventeenth century, England changed its system of raising revenues from tax farming, combined with the granting of ...

contract theory - Toulouse Capitole Publications

consequences for optimal contracting. A ... This rent creates a trade-off between efficiency and rent extraction, as in the adverse selection framework.

(PDF) Optimal Resource Extraction Contracts Under Threat of ...

The determinants of incentive regulation are an important issue in economics. More powerful rules relax allocative distortions at the cost of lower rent ...

‪jesse fried‬ - ‪Google Scholar‬

Executive compensation in America: optimal contracting or extraction of rents? LA Bebchuk, J Fried, D Walker. National Bureau of Economic Research, 2001. 135 ...

Introduction to The Rent Extraction-Efficiency Trade-Off

In order to reach an efficient use of economic resources, this contract must elicit the agent's private informa- tion. This can only be done by ...

Optimal Contracts for Housing Services Purchases

We show that simple renting from the bank/landlord is an optimal contract for the provision of housing services to the household, conditional on the outside ...

Rent extraction - Wikipedia

Rent extraction (Chinese: 抽租) is a notion formulated by American jurist Fred S. Mcchesney (1948–2017) in his 1987 essay Rent Extraction and Rent Creation ...

The Rent Extraction-Efficiency Trade-Off - HKT Consultant

Compared with the full information setting, asymmetric information alters the principal's optimization simply by the subtraction of the expected ...

The design of intelligent highway transportation system in smart city ...

For instance, Li et al. (2022) optimized privacy protection and reliable offloading in vehicle edge computing and networks systems. Although ...

Fortrea (FTRE) Intro | Market Inefficiency | Concerns - Common Shares

It also means he has a shot at reinvigorating the revenue growth and winning more contracts. ... Fortrea rents drug development knowledge and ...