Rent extraction How does brokerage in property markets become rent seeking? An article published in the Journal of Economic Theory shows that intermediation in property markets may be created just to extract rents. Mediation is privately profitable, but may lack social value and lead to a waste of invested resources.

Rent extraction How does brokerage in property markets become rent seeking? An article published in the Journal of Economic Theory shows that intermediation in property markets may be created just to extract rents. Mediation is privately profitable, but may lack social value and lead to a waste of invested resources.