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Economics

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The medieval church and rents from marriage market regulations

Article Abstract:

The Roam Catholic Church is regarded as an integrated monopoly with upstream and downstream elements and strong market power because of specific doctrinal innovations and specific evolving rules that assure eternal salvation. It has the market power to discriminate prices of services and monopolize the social institution of marriage. Regulation of endogamy and the current changes in the definition of Church-approved marriage enables the Church to seek rents in the provision of dispensations and exemptions.

Religious organizations, Roman Catholic Organizations, Economics, Religion, Catholic Church, Religion and economics

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Intertemporal cost dependence of managerial impatience

Article Abstract:

An analysis of a multi-agency problem generated under intertemporal cost dependence conditions is presented. The analysis assumes that an impatient manager is assigned principal delegates production decisions and possesses private information on cost dependence based on experience. It is shown that a second-best scheme needs to be developed which will motivate the impatient manager to increase firm intertemporal profits.

Executives, Cost (Economics), Costs (Economics)

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Managerial and windfall rents in the market for corporate control

Article Abstract:

Top management people are mainly self-organized and have a built-in motivation to generate income and act non-opportunistically in rent-generating firms. The managerial rent hypothesis investigates how managerial expertise is associated with rent-generation. Separation of corporate ownership and control is part of the problem for managerial inefficiency.

Operations research, Management science, Economic rent

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