Rent, Resources, Technologies
Rent, Resources, Technologies

Author: Alberto Quadrio Curzio

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 264

ISBN-13: 3662039451

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Rent, resources, and technologies are three crucial issues to the understanding of history and economics. The scarcity of resources, its interplay with technology, and the role of rent in explaining both economic growth and income distribution are investigated by adopting a multi-sectoral and non-proportional model, where scarce resources impose several scale constraints that may slow growth, but may contribute to further development of new technologies. In this dynamic framework the category of rent acquires new dimensions with far-reaching implications for both the system of prices and the distribution of income. The analytical and formal-theoretical perspective of this book could be used as a basis for future historical and quantitative studies.

Resource Constraints and Rent-Seeking Technology Investment
Resource Constraints and Rent-Seeking Technology Investment

Author: Howard Yang

Publisher:

Published: 2023

Total Pages: 0

ISBN-13:

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The rise of Artificial Intelligence (AI) technology has brought about the possibility of amplifying and intensifying rent-seeking behavior within firms. This raises the question of whether firms will allocate their resources towards investing in such technology. This paper examines the allocation of resources by an entrant platform between productive and rent-seeking technologies in an attention economy, where the quality of the entrant platform's service depends on both types of technology. The incumbent and entrant platforms compete for user attention, and our study shows that the adoption of rent-seeking technology may harm the service quality of the whole industry: both platforms. Additionally, we discover that the entrant platform may allocate an imbalanced proportion of resources to rent-seeking technologies under specific conditions of resource constraints. Our study provides insights into the determinants influencing resource allocation within attention-based economies. In addition, this paper emphasizes the possible distortions that may arise in the direction of technology innovation.