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Topic: Economic rent

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	Economic rent - Wikipedia, the free encyclopedia
		In economic theory, economic rent is an analytic term employed to distinguish the difference between the income earned by an input or factor of production, and the cost of the factor of production.
		Economic rent is distinct from economic profit, which is the difference between the firm's costs -- what the firms pays for all the inputs it uses -- and the firm's revenues.
		Modern neoclassical economics has generalized the concept of rent to suggest that the owner of any kind of input can receive income for that input, in excess of what is necessary to put the factor into a particular productive use.
	en.wikipedia.org /wiki/Economic_rent (1437 words)

	Encyclopedia: Economic rent
		In economic theory, economic rent is an analytic term employed to distinguish how much of the income earned by a factor of production was required to draw the factor into production and how much of the income was required to allocate the factor to a particular use.
		Economic rent is distinct from economic profit, which is the difference between what a firm pays for all the factors of production it uses, and the revenue the firm earns from selling the product produced.
		Neoclassical economics refers to a general approach (a metatheory) to economics based on supply and demand which depends on individuals (or any economic agent) operating rationally, each seeking to maximize their individual utility or profit by making choices based on available information.
	www.nationmaster.com /encyclopedia/Economic-rent (2088 words)

	AllRefer.com - rent (Legal Terms And Concepts) - Encyclopedia
		In economics, its meaning is more complex, but since the word rent means any income or yield from an object capable of producing wealth, its limitation to a more special sense is somewhat arbitrary and justified only by a general consensus of opinion and usage.
		Economic rent is the difference between the compensation for a factor of production and the amount necessary to keep it in its current occupation.
		Ground rent is paid to a landowner for the lease of property, often under long-term leases (such as a 99-year lease).
	reference.allrefer.com /encyclopedia/R/rent.html (551 words)

	International Economics Glossary: E
		Sustained increase in the economic standard of living of a country's population, normally accomplished by increasing its stocks of physical and human capital and improving its technology.
		An economic agreement in 1951 among six countries of Western Europe -- Belgium, France, Germany, Italy, Luxembourg, and Netherlands -- that preceded formation of the EEC and ultimately the EU.
		Economic growth that occurs without being the result of deliberate policy or behavior.
	www-personal.umich.edu /~alandear/glossary/e.html (4329 words)

	economic rent
		Economic Rent is defined as the payment to labour in excess of their transfer earnings.
		Many resource owners are able to extract a portion of the economic profit generated by a business as a economic rent.
		An economic rent is thus the 'wage' for some fixed resource which is necessary for and valuable in a transaction but in monopolistic possession of some trader.
	www.reportcube.com /economic_rent.htm (319 words)

	Individual Quota Management in Fisheries - Methodologies for Determining Catch Quotas and Initial Quota Allocation - 5. ...
		The proportion of the economic rent which is generated from a fishery which is allocated to the regulatory authority will depend not only on the socio-political context in which the fishery is operating, but often also on the total rent generated and the profitability of the fishery.
		In considering the relative proportion of rent which accrues to the regulatory authority and that which is retained by the operators of the fishery as profit, an important consideration is to ensure that the fishery remains sufficiently profitable for the operators to encourage reinvestment of profits when required.
		The separation of the allocation processes leads to a situation where allocation of economic rent must be done by administrative decision although it is conceivable that the allocation of the TAC between participants in the fishery may be done by tender or auction.
	www.fao.org /docrep/003/W7292E/w7292e07.htm (3423 words)

	Economic rent -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-21)
		In economic theory, economic rent is a payment to a (Click link for more info and facts about factor of production) factor of production or input in excess of that which is needed to keep it employed in its current use.
		The major components of economic rent include monopoly rent (income that accrues due to some degree of monopoly power) and land rent.
		Modern (Click link for more info and facts about neoclassical economics) neoclassical economics has generalized this theory to suggest that the owner of any kind of input can receive economic rent due to unique qualities of that input.
	www.absoluteastronomy.com /encyclopedia/e/ec/economic_rent.htm (447 words)

	[No title]
		According to economics, 100 percent of economic rent may be captured by a government through taxation without having a deleterious effect on the competitiveness of the companies paying taxes.
		The remainder of the economic rent in the sector has been pocketed by integrated timber concession-plywood companies, or transferred by them, usually in an under-the-table fashion, to their political patrons.
		Second, government officials in Indonesia tend to view economic rent not primarily in terms of how it can contribute to the development of the country, but rather how it can be used to assure their political longevity, and/or augment their personal financial holdings.
	www.geocities.com /davidbrown_id/Atr_report.doc (15091 words)

	[No title]
		The rent of land appears to differ in degree rather than in kind from the net income yielded by other agents of production, the supply of which may be taken as fixed for the time under discussion, whether that be long or short.
		The fundamental importance attached to the mere half-truth that the rent of land is, in each particular case, predominately the result or consequence of the price of its produce, and conversely that rent does not directly enter as a cause into the price of produce, is an excellent example of this kind of fallacy.
		We have spoken of the rent of land, for instance, with reference to agricultural produce in general, and without reference to the competition between crops for the occupation of the land.
	socserv2.socsci.mcmaster.ca /~econ/ugcm/3ll3/marshall/rent (4306 words)

	Prologue - Cause and Effect
		They say rent for an apartment includes economic interest to the owner for his capital invested in the apartment building, economic wages for overseeing his investment and economic rent for the land the building occupies.
		Their definition of economic rent also differs from ordinary rent in that it does not have to be paid.
		Economic wages include not only the wages of hirelings but also the economic wages excluded from rent by the definition of economic rent and the value of products we make for our own use.
	www.geocities.com /jackodonnell.geo/c01r4a.html (2986 words)

	[No title]
		The term "rent" originally meant the return on land in classical economics, and later also came to mean economic rent, returns not needed to put factors into production.
		Rent or transfer seeking is thus an outcome of mass democracy, the existence of large pools of voters electing representatives who depend on expensive media campaigns.
		The government of California disposed of the land to rent seekers in a manner similar to the federal government, consistent with the hypothesis that the structure of government and voting engenders such rent seeking.
	www.foldvary.net /works/seeking.html (7802 words)

	The Short Run
		Economic rent is the price paid for use of land and other natural resources which are completely fixed in supply
		Some argue that rent should be taxed away, since it is unearned, or that land should be nationalized and owned by the state.
		Without rent to allocate land among its various users, there would be no market mechanism to make sure each piece of land was being utilized in its most valuable fashion.
	www.theshortrun.com /classroom/glossary/micro/rent.html (532 words)

	Rent Seeking Hobbles Economic Growth
		The Joint Economic Committee (JEC) has published five studies that document the reasons excessive government reduces economic growth.[1] One particular problem with excessive government is that it unleashes socially-destructive "rent seeking." Rent seeking diverts resources from productive uses.
		A major factor inhibiting economic growth is the attempt by citizens to petition for special privileges from the government.
		The solution to the problem of rent seeking is to remove the incentive to seek profit through the political process by reducing the size of government.
	www.house.gov /jec/growth/rentseek.htm (687 words)

	Economic Issues No. 6 -- Why Worry About Corruption?
		Although the study of the causes and consequences of corruption has a long history in economics, going back 30 years to seminal contributions on what economists call rent seeking, related empirical work on quantifying the extent of corruption and putting a dollar sign on its economic effects has been limited.
		Substandard economic performance by itself does not argue to pervasive corruption, nor is economic success an infallible sign of innocence of corruption.
		For most of us, rent is what we pay the landlord each month or what a rental agency at an airport charges for letting us use a car for a week.
	www.imf.org /external/pubs/ft/issues6 (3464 words)

	Economic rent
		In economic theory, economic rent is a payment to a factor of production in excess of that which is needed to keep it employed in its current use.
		Classical factor rent - This is the return to a factor above and beyond the amount necessary to induce the supplier to offer the factor to the market.
		This corresponds to the notion of a producers' surplus or "scarcity rent." This type of economic rent arises because of scarcity in the supply of factors.
	www.brainyencyclopedia.com /encyclopedia/e/ec/economic_rent.html (254 words)

	Foldvary: They Don't Dare Call it "Rent"
		In the economic textbooks, there are a couple of paragraphs on rent, maybe a graph, and then it is ignored in the rest of the book.
		Rent is an implicit reality, caused by the differing qualities of land, the differences in qualities creating economic rent.
		Rent is there regardless of who owns the land or how a plot is used or how much money the landlord is getting or whether it gets counted.
	www.progress.org /archive/fold221.htm (854 words)

	[No title]
		From the perspective of resource rent taxation, however, the crucial message of equation (4) is that resource rents are a function of both the extraction rate and the level of the resource as well as of other variables entering but not explicit in the profit function.
		The economic rationale for Proposition 1 is straight-forward.
		In fact, economic rents may be regarded as the special case of producers’ surplus applying when the elasticity of supply equals zero.
	weber.ucsd.edu /~carsonvs/papers/2022.doc (4030 words)

	Rent - Wikipedia, the free encyclopedia
		Economic rent -- in economics, a payment to a factor of production in excess of that which is needed to keep it employed in its current use
		Rent -- a movie version of the musical, directed by Chris Columbus
		This is a disambiguation page, a list of pages that otherwise might share the same title.
	en.wikipedia.org /wiki/Rent (143 words)

	[No title]
		'Economic rent on land is the value of the difference in productivity between a given piece of land and the poorest, most costly piece of land producing the same goods (e.g.
		Ricardo, and Marx after him, argued that all of that surplus, or profit, or 'economic rent' (to use the proper term) was 'captured' or expropriated by the landlord: that the landlord could evict those tenants that refused to hand over the surplus, and replace them with those working marginal lands or with landless peasants.
		Ricardo, in constructing his economic rent model, assumed that: (a) the land under consideration had only one use -- growing grain (wheat) -- and (b) in the short run, the land was in fixed supply (perfectly inelastic) and in full constant use.
	www.eh.net /coursesyllabi/syllabi/munro/ECONRENT.htm (1237 words)

	Borneo Dissertation Bibliography display full record page (Site not responding. Last check: 2007-10-21)
		Natural resources are easy for governments to tax, as they embody high amounts of windfall profit or “economic rent.” According to resource economics, it is optimal for governments to collect as revenues nearly all of the economic rent earned by resource extractors.
		The actual level at which these same governments collect economic rent from rain forest timber is generally quite small: percent in Indonesia and percent in the East Malaysian state of Sarawak.
		The study argues that government agencies fail to collect timber rent at optimum levels because they are prevented from doing so by rulers who use their positions to build and maintain hidden ties to the timber industry through which they appropriate vast amounts of timber rent.
	www2.library.unr.edu /dataworks/borneo/searchfull.asp?p_ID=29 (390 words)

	Harry Pollard / The Meanings of Economic Rent
		One other meaning of rack rent, which I did not mention (because I was merely reporting on Lawrence Stone's work) is the idea that all capital improvements revert to the landlord at the end of a lease.
		For English tenants of the 16th century, it appears that full economic rent was deemed excessive because it surpassed the ancient rents their ancestors had paid.
		This rent is the most that can be squeezed from a renter in the absence of a free market.
	cooperativeindividualism.org /pollard_meanings_of_economic_rent.html (1711 words)

	Economic rent (Site not responding. Last check: 2007-10-21)
		Classical factor rent - This is the return to a factor above and beyond the amount necessary to induce the supplier to offerthe factor to the market.
		This type of economic rent arises because of scarcity in the supply of factors.
		For example, if someone is earning $20,000 for a job, and the next best job pays$15,000, then the economic rent is the difference between the two of $5,000.
	www.therfcc.org /economic-rent-28564.html (206 words)

	Riumina H.V. (Site not responding. Last check: 2007-10-21)
		Economic rent is considered to be a compensation of the negative consequences of using the natural resources at all the stages of its processing – from mining to the final use.
		Quantitative analysis of economic rent, environment protection expenses and the ecological damage costs is given.
		When used to protect ecology, economic rent provides the restructure of economy and increases the economic efficiency.
	www.cemi.rssi.ru /ecr/2001/2/er0102en1.htm (73 words)

	Individual Liberty: Economic Rent (Site not responding. Last check: 2007-10-21)
		But even if economic rent had to be considered a permanency; if the considerations which I have urged should prove of no avail against it, - it would be useless, tyrannical, and productive of further tyranny to confiscate it.
		The economic rent, not of land only, but of strength and skill and intellect and superiority of every kind, must be confiscated.
		Byington's erroneous conclusions regarding the confiscation of economic rent are due, as I view it, to his confusion of liberties with rights, or, perhaps I might better say, to his foundation of equality of liberty upon a supposed equality of rights.
	flag.blackened.net /daver/anarchism/tucker/tucker29.html (1697 words)

	homes.ca - Economic rent (Site not responding. Last check: 2007-10-21)
		The Rentier State in Africa: Oil Rent Dependency and Neocolonialism in the Republic of Gabon
		Rent a car for less with one-stop comparison.
		The businesses were required to pay a $25 fee to the county every time they charged racers to practice or compete.
	www.homes.ca /Economic-rent/reference/fullview/wikipedia/216664 (175 words)

	Homeglossary.com - The World's Most Complete Real Estate Directory
		Appraisal method of deriving property values where the current and future economic conditions are measured in a particular area.
		The ability of the size of the property to accommodate the desired economic purpose.
		Economic indicators show a homebuyer or a real estate investor something about national and local economic conditions.
	www.yourwebassistant.net /glossary/e1.htm (942 words)

	CIFOR Indicator M6
		The extent to which a given property, region, or country generates economic rents is therefore a potentially powerful indicator of economic efficiency.
		Even so, economic rent can be presumed to exist for these ownerships, since it is highly unlikely that timber production would occur on these lands in the absence of economic rent.
		Measuring for the existence of economic rent provides a clear picture of overall efficiency, and summarizes the collective impacts of stand management efforts, industrial structure, institutional effectiveness, and economic policy neutrality.
	www.fs.fed.us /institute/cifor/cifor_249.html (553 words)

	Economic rent a car - BEOGRAD (Site not responding. Last check: 2007-10-21)
		ECONOMIC rent - a car is an Agency type of enterprise.
		Head office in Belgrade, and office at the Airport of Belgrade give basic structure, "Drop off" service is available at the territory of Serbia and Montenegro, consecutive company car rental contract with extra discounts, variety of payment types and so much more....
		We are Economic rent-a-car and we are a team.
	www.economic-ag-rentacar.com (129 words)

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