Economic rent (economics)

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	Encyclopedia: Economic rent
		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.
		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.
		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.
	www.nationmaster.com /encyclopedia/Economic-rent (2088 words)

	Atr_report.doc
		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.
		Economics holds that firms have the ability to earn above-normal profit, or rent, in the event that either of two conditions are met.
		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)

	Sustaining the Economic Rent of Oceanic Resources: The Case of Marine Protected Areas
		The economic analysis presented here pays attention to optimal zoning, policies to maintain sustainable economic rents, and the optimal policing of MPAs.
		Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
		This paper investigates economic aspects of marine protected areas (MPAs) that are closely related to the underlying marine biota.
	ideas.repec.org /p/uct/uconnp/2003-20.html (380 words)

	Economic rent - Wikipedia, the free encyclopedia
		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.
		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.
		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.
	en.wikipedia.org /wiki/Economic_rent (1437 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)

	seeking.html
		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)

	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
		Rent -- a stage musical by Jonathan Larson
	en.wikipedia.org /wiki/Rent (143 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)

	Borneo Dissertation Bibliography display full record page
		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)

	Publisher description for Library of Congress control number 00023775
		The concepts of rents and rent-seeking are central to any discussion of the processes of economic development.
		It brings together leading international scholars in economics and political science, and will be of great interest to readers in the social sciences and Asian studies in general.
		Library of Congress subject headings for this publication: Rent (Economic theory) Economic development, Asia, Southeastern Economic conditions
	www.loc.gov /catdir/description/cam021/00023775.html (220 words)

	EconPapers: The Current State and the Outlook of Taxing Economic Rent in Russia
		Econpapers is hosted by the Department of Business, Economics, Statistics and Informatics at Örebro University.
		The author begins with a brief review of the concept of rent evolution in the economic science.
		The author comes to a conclusion of its non-usefulness if applied as an instrument of capturing economic rent.
	netec.wustl.edu /BibEc/data/Articles/nosvoprec2003-6-5.html (204 words)

	Merriam-Webster Online
		3 a : of or relating to economics b : of, relating to, or based on the production, distribution, and consumption of goods and services c : of or relating to an economy
		For More Information on "economic" go to Britannica.com
		Get the Top 10 Search Results for "economic"
	www.m-w.com /cgi-bin/dictionary?book=Dictionary&va=economic (102 words)

	The Free Liberal: Socio-Economics
		I presented a talk on the economics of Henry George at the Berkeley meeting of the AALS Section of Socio-Economics, and also participated in the Section's meeting in San Francisco.
		Followers of the economics of Henry George should be very glad that legal scholars are taking an interest in economics and seek better policies and economic understanding.
		The moral dimension of socio-economics is in tune with the geoclassical economics of Henry George, who melded economics and ethics.
	www.freeliberal.com /archives/000615.html (715 words)

	Games Economists Play: Bibliography
		Economics and the Classroom Conference, Idaho State University and Prentice-Hall Publishing Co., March 1999b, pp.
		Rent-Seeking and the Inefficiency of Non-Market Allocation." Journal of Economic Perspectives, 13(3), Summer 1999b, pp 217-226.
		The Economics of Information: A Classroom Experiment." Journal of Economic Education, 26(4), Fall 1995, pp.
	www.marietta.edu /~delemeeg/games/gamesbib.htm (715 words)

	Environmental & Resource Economics
		Economic and institutional perspectives affecting human use of land resources; discussion of land ownership patterns and uses; land rent, location, and resource use; institutional constraints; partial ownership policies; and local planning for more efficient use of land.
		Economics of water use; role of government and policy agencies, water supply and demand, economic impact of water and water quality standards, alternatives in quality management, externalities, and methods of evaluation.
		Economic, technical, cultural, social, and political factors that influence food supplies, nutrition resource use, employment, and income distribution in the developing countries; the population explosion; strategies for expanding food supplies; social and institutional constraints, strategies and policies for economic development.
	www.dred.unh.edu /EREC.htm (1540 words)

	Economics Interactive
		The recognition lag arises because policymakers’ perceptions about current economic conditions are clouded, and time and effort are required to gather, compile, process, and interpret data to gain some feeling for any widespread changes in economic activity; applies equally to both monetary and fiscal policies.
		This category is probably a huge understatement of the value of economic rent in an economy because of overly generous depreciation schedules imbedded in the Internal Revenue Service tax code.
		Racism is economic or personal discrimination based on the race or ethnic origin of an individual.
	www.unc.edu /depts/econ/byrns_web/Economicae/EconomicaeR.htm (1540 words)

	Environmental & Resource Economics
		Economic and institutional perspectives affecting human use of land resources; discussion of land ownership patterns and uses; land rent, location, and resource use; institutional constraints; partial ownership policies; and local planning for more efficient use of land.
		The student in Resource Economics is trained primarily in the science of economics and its use in problem solving.
		Microeconomic theory and analysis in resource management and use decisions.
	www.dred.unh.edu /EREC.htm (1540 words)

	Basic Principles of Marxian Economics
		Marxian PROFIT also obviously includes what is known in economic theory as 'Economic Rent.' The distribution of these three constituent elements of Surplus-Value, of PROFIT, is not of direct concern here.
		The market place, the competition of capitalists for labour and the competition of workers selling their labour-power, will [or should] determine that no more and no less than that will be paid.[Marx owed at least that to the Classical School of Economics.]
		Since most of my colleagues in Economics also do not accept these principles, it is hardly surprising that Marxian economics is not taught as such in any generally available course in this university.
	www.economics.utoronto.ca /munro5/MARXECON.htm (2691 words)

	Barry T. Hirsch at IDEAS
		" Market structure, union rent seeking, and firm profitability," Economics Letters, Elsevier, vol.
		" Economics Departmental Rankings: Comment [Economics Departmental Rankings: Research Incentives, Constraints, and Efficiency]," American Economic Review, American Economic Association, vol.
		" Monopsony power and relative wages in the labor market for nurses," Journal of Health Economics, Elsevier, vol.
	ideas.repec.org /e/phi17.html (2691 words)

	value.html
		It is still to be read with profit by the troubled student of the Ricardian economics, while for the period in which and the circles for whom it was written it was nothing short of a boon.
		Moreover, students of the Ricardian economics have received by successive publication since 1887 an amount of Ricardo's informal writing hardly less in extent than the aggregate of his formal composition.
		The first began with his acquaintance with systematic economic writing and extended through the bullion controversy, and might be described as a consistent exposition of Adam Smith's original concept of value.
	socserv2.socsci.mcmaster.ca /~econ/ugcm/3ll3/hollander/value.html (9021 words)

	CV for Arno Mong Daastøl
		Collective bargaining (economics), Strategies for industrial democracy and creative participation (sociology), Research attitudes (social-anthropology).
		2002: Representative of Taxi2000 Corporation in Norway; 2001: Founder and owner of the consultancy company InnoTrans; 2001: Co-founder and co-ordinator of Institute for Creditary Economics, 1998-2000: Prime founder, co-owner, and co-ordinator for Norsk Sportaxi, an former upstart company in innovative urban transport, spokesman with TV-, radio- and newspaper, congresses and business meetings.
		FORTHCOMING PUBLICATIONS: The Materialist Background to Formalism in Economics, Financial Instability and Underconsumption
	arno.daastol.com /cv/cv.html (818 words)

	Bibliography of Frank Fetter
		"Introduction", in John Roscoe Turner, The Ricardian Rent Theory in Early American Economics, New York: The New York University Press, 1921, pp.
		"The Passing of the Old Rent Concept", Quaterly Journal of Economics, 15 (May), 1901, pp.
		"Rent", "Rent Charge", Encyclopedia of the Social Sciences, New York: Macmillan, 1930-1935, Vol.
	www.mises.org /content/fetterbib.asp (818 words)

	agec451
		Land resource economics is about the study of the property rights to and generation of economic-surplus from real estate.
		Economic surplus or rent is the return to a factor of production such as land that is available at less than perfectly elastic supply.
		The property rights to land allow an individual to claim the economic surplus, which is a major source of wealth to individuals.
	www.agls.uidaho.edu /agec451 (297 words)

	The Fundamentals of Rent-Seeking
		Once the concept of rent seeking was discovered - and defined as the outlay of resources by individuals and organizations in the pursuit of rents created by government - there followed a flourishing of research as relevant ideas began to disseminate throughout economics.
		The fact that her paper was published in a major journal, together with the catchy nature of the term 'rent seeking' undoubtedly speeded up the process of dissemination of the basic idea within the economics profession.
		It would appear that the concept of rent seeking was a key log in certain areas of economic research.
	www.thelockeinstitute.org /journals/luminary_v1_n2_p2.html (1830 words)

	Anarchist economics - Wikipedia, the free encyclopedia
		Anarchist economics entails theory and practice relating to economic activity within the philosophical outlines of anarchism.
		Individualist anarchists are mutualist rather than socialist; they support private property but oppose usury- defining usury as profit from others' labor through rent, capital, interest, and wage-labor not paid "full" price.
		Social anarchist economists vociferously reject the preliminary intellectual dispositions of marginalists towards economic enquiry including their methodological individualism, emphasis on mathematical and logical formalism, and what they regard as a hollow stance of value neutrality.
	en.wikipedia.org /wiki/Anarchist_economics (2455 words)

	ch19.html
		The classical differentiation of land and capital became blurred, as neoclassical theory became described in mathematical terms.
		In accord with the physiocratic and geoclassical schools, foundational economics agrees that land rent is the efficient source of revenue for public goods and services.
		Government, large corporations, banks, labor unions, and social organizations certainly affect the outcomes of economies, and institutionalist economics is important in the understanding of economic history and current economic life.
	www.foldvary.net /sciecs/ch19.html (2561 words)

	David Ricardo's Contributions to Economics
		It is unlikely that Ricardo would have supported Marx's revolutionary brand of political economics, but the ties between the schools of thought are undeniable.
		Since profits lead to reinvestment and thus growth rising rent costs indirectly prevent economic progress.
		Essentially, rent costs gobble up profits as the population increases.
	www.victorianweb.org /economics/ric.html (534 words)

	Encyclopedia: Von Thuren rent
		Von Thünen was a Mecklenburg (north German) landowner, who in the first volume of his treatise, The Isolated State (1826), developed the first serious treatment of spatial economics, connecting it with the theory of rent.
		Von Thünen's rings proved especially useful to economic history, such as Fernand Braudel's Civilization and Capitalism, untangling the economic history of Europe and European colonialism before the Industrial Revolution blurred the patterns on the ground.
		Von Thünen developed the basics of the theory of marginal productivity in a mathematically rigorous way, summarizing it in the formula R=Y(p-c)-YFm, where R=land rent; Y=yield per unit of land; c=production expenses per unit of land; p=market price per unit of commodity; F=frieght rate; m=distance to market.
	www.nationmaster.com /encyclopedia/Von-Thuren-rent (534 words)

	OECD Glossary of Statistical Terms - Rent - OECD
		In modern economics, rent refers to the earnings of factors of production (land, labour, capital) which are fixed in supply.
		Economists use the term economic rent to denote the payment to factors which are permanently in fixed supply and quasi-rent to denote payments for factors which are temporarily in fixed supply.
		In the case of economic rents the supplier receives a payment in excess of the amount required to induce the supplier to supply the factor.
	cs3-hq.oecd.org /scripts/stats/glossary/detail.asp?ID=3296 (534 words)

	Institute of Energy Economics and politics
		Research at the IEPE is centred on the analysis of energy sector dynamics and new energy policy practices, based on new trends in economic theory.
		Economic approach to climate policies and stakes of international negotiations
		The failure of introducing market institutions in a rent sector into an economy in transition [details]
	www.upmf-grenoble.fr /iepe/aindex.html (273 words)

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In the News (Sat 2 Jun 12)