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Absent the income stream from tourists, they said, the low rents generated by long-term residents could not cover costs.
According to the results, rents generated from RPS were bigger than those from FIT, except for solar PV in South Korea.
The rents generated by such protection are deeply embedded in the land values of western and Japanese farmers, who count among the world's most conservative capitalists.
The "Shareholder Surplus Hypothesis" postulates that market frictions, such as the cost of launching a new fund, allow shareholders to extract rents generated by skilled managers, and that effective governance prevents unskilled managers from destroying shareholder value.
In our article forthcoming at The Review of Financial Studies, Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds, we tackle these two closely-related puzzles by examining the relative control of fund managers versus shareholders over potential rents generated by CEFs.
A funded plan, whether final salary/defined benefit or defined contribution, invests in government bonds (a different claim on future taxpayers), equities and corporate bonds (claims on future profits, which are generated by future workers) or property (claims on future rents, generated by future workers).
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In return, investors would get a cut of the profits and rent generated by the market, called Maketto.
making its determination, Ms. Barrack added, the department would include the fair market rental value of the owner's apartment in its calculation of the total rent generated by the building.
"Rent control, or the artificial suppression of rents, may also serve as a barrier to further investment in the stock of private rented properties, as the rent generated was historically often too low to allow the landlord to operate a proper maintenance regime without making a financial loss".
The theory put forward by Osterman et al. (2009: 705) suggests that any rent generated by the firm is unequally distributed among educational groups.
The resulting resource rent generated per ha, in these cases, amounts to €110/ha/yearr for rattan, respectively, €157/ha/yearr for jelutong.
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