|
| |
| | Economic rent - Wikipedia, the free encyclopedia |
 | | 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. | | | While the definition of "economic profit" is a strict one, which excludes rents, the commonsense idea of profit often confounds rents with profits. | | | It is not a true rent, because there would have to be an expectation of earning back the original investment in order to induce the original investment, and, if the original investment was not repaid, the specialized asset may be allowed to wear out, without repair or replenishment, in such use as could be obtained. |
|
http://en.wikipedia.org/wiki/Economic_rent
(1437 words)
|
|
| |
| | Encyclopedia: Economic rent |
| | 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. | | | Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the benefits that could be received from that opportunity), or the most valuable foregone alternative. | | | While economic profit is, in an important sense, an objectively real quantity -- closely related to the observable difference between revenues and costs, economic rent is merely an analytic distinction, a subdivision of the amount paid for an input or a factor of production. |
|
http://www.nationmaster.com/encyclopedia/Economic-rent
(2088 words)
|
|
| |
| | Individual Quota Management in Fisheries - Methodologies for Determining Catch Quotas and Initial Quota Allocation - 5. ... |
| | Rent generated by use of the community resource will be treated in the same way as rent generated through operational cost reduction by the fishermen. | | | 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. |
|
http://www.fao.org/docrep/003/W7292E/w7292e07.htm
(3423 words)
|
|
| |
| | International Economics Glossary: E |
| | Revenue from an activity minus the opportunity cost of the resources used in that activity. | | | As most often used, the term carries a connotation that economic justice can only be achieved by lessening the power and changing the practices of international financial institutions, transnational corporations, and rich-country governments. | | | Freedom to engage in economic transactions, without government interference but with government support of the institutions necessary for that freedom, including rule of law, sound money, and open markets. |
|
http://www-personal.umich.edu/~alandear/glossary/e.html
(4329 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. | | | Economics holds that firms have the ability to earn above-normal profit, or rent, in the event that either of two conditions are met. | | | 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. |
|
http://www.geocities.com/davidbrown_id/Atr_report.doc
(15091 words)
|
|
| |
| | [No title] |
| | Rent seeking is a function of government structure. | | | 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. | | | However, the 1800s are regarded as an era of small government, with budgets balanced or in surpluses. |
|
http://www.foldvary.net/works/seeking.html
(7802 words)
|
|
| |
| | Prologue - Cause and Effect |
| | Economic profit can, therefore, be said to be the economic rent for a business. | | | Economic profit, also called monopoly profit, they define as accounting profit minus opportunity cost. | | | Opportunity costs that separate economic profit from profit are like the economic wages and economic interest that distinguish economic rent from rent. |
|
http://www.geocities.com/jackodonnell.geo/c01r4a.html
(2986 words)
|
|
| |
| | The Short Run |
| | Economic rent is the price paid for use of land and other natural resources which are completely fixed in supply | | | 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. | | | Henry George's proposal for a single tax of up to 99 percent of land rent asserted that this tax could eliminate other taxes. |
|
http://www.theshortrun.com/classroom/glossary/micro/rent.html
(532 words)
|
|
| |
| | Economic Issues No. 6 -- Why Worry About Corruption? |
| | If corruption acted simply as an equal tax on all government expenditure (if, say, 10 percent of the cost of all government expenditures is raked off in bribes), the composition of this expenditure would be independent of corruption. | | | Second, the paper presents recent evidence on the extent to which corruption affects investment and economic growth and on how it influences governments in choosing what to spend their money on. | | | It finds that corruption discourages investment, limits economic growth, and alters the composition of government spending, often to the detriment of future economic growth. |
|
http://www.imf.org/external/pubs/ft/issues6
(3464 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. | | | Producer's Surplus is the excess of the gross receipts which a producer gets for any of his commodities over their prime cost; that is, over that extra cost which he incurs in order to produce those particular things, and which he could have escaped if he had not produced them. | | | For other parts yield a rent or a quasi-rent, or both; and these are determined not by the circumstances of production of the parts in question, but by the price of the whole produce. |
|
http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/marshall/rent
(4306 words)
|
|
| |
| | Rent Seeking Hobbles Economic Growth |
| | 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. | | | 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. | | | Rent seeking starts with economic intervention by government biased toward special interests. |
|
http://www.house.gov/jec/growth/rentseek.htm
(687 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. | | | Finally, the resource rent tax, ((R(q(0),x(0)), should be interpreted as what the firm expects to be charged. Taking, (6.4) and (6.6) together, it is clear that resource rent taxes may alter the conditions for entry to and exit from the industry. | | | Therefore, even if the resource rent tax could, in theory, be rendered non-distortive by the government fixing the quantity of extraction, the inefficiency would reappear in suboptimal choices of the extraction quantity. |
|
http://weber.ucsd.edu/~carsonvs/papers/2022.doc
(4030 words)
|
|
| |
| | Foldvary: They Don't Dare Call it "Rent" |
| | 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. | | | Folks would start asking why they had to pay such high taxes on their wages, when most of the rent is kept by the holders of land. |
|
http://www.progress.org/archive/fold221.htm
(854 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 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. | | | 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. |
|
http://www2.library.unr.edu/dataworks/borneo/searchfull.asp?p_ID=29
(390 words)
|
|
| |
| | Resource Markets, Economic Rent, Externalities, Income |
| | The amount of economic rent paid to a resource depends on the resource owner’s elasticity of supply (affected by how limited the supply of the resource is) and media broadcasting. | | | Economic rent is excess earnings of a resource above its transfer earnings (opporunity cost). | | | In general, the more inelastic the resource supply, the greater the economic rent will be paid. |
|
http://www.faytech.cc.nc.us/~burnsc/eco251/ressol.htm
(1185 words)
|
|
| |
| | Economic Rent From Forest Operations In Suriname And A Proposal For Revising Surinam’s Forest Revenue System |
| | In the same way that economic rent can be calculated by subtracting production costs from product price, a sawmill's ability to pay for delivered roundwood be calculated by subtracting its processing costs from the prices of the sawnwood it sells. | | | The final way in which economic rent could be increased (through higher delivered roundwood prices), would be to improve the marketing of roundwood and forest products. | | | In other words, there is evidence that some more economic rent from roundwood production is currently being captured in the sawmilling sector in the form of excess profits there. |
|
http://www.fao.org/DOCREP/003/X6827E/X6827E07.htm
(3973 words)
|
|
| |
| | Economic rent |
| | Quite distinct from the usual meaning of 'rent', this means a payment over what is required to attract an individual (or capital) into a particular occupation. | | | This concept of rent is the basis of the resources rent tax. | | | It is a return above the opportunity cost of an asset or service. |
|
http://www.anz.com/edna/dictionary.asp?action=content&content=economic_rent
(211 words)
|
|
| |
| | Riumina H.V. |
| | 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. | | | Riumina H.V. Riumina H.V. Ecological Version for Economic Rent Use. |
|
http://www.cemi.rssi.ru/ecr/2001/2/er0102en1.htm
(73 words)
|
|
| |
| | CIFOR Indicator M6 |
| | 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. | | | The extent to which a given property, region, or country generates economic rents is therefore a potentially powerful indicator of economic efficiency. | | | 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. |
|
http://www.fs.fed.us/institute/cifor/cifor_249.html
(553 words)
|
|
| |
| | [No title] |
| | That differential produces a surplus or a 'profit' called ECONOMIC RENT, which can be seen on the graph: the difference between production costs and the market price. | | | Thus any payment beyond that opportunity cost, or 'transfer earnings,' is economic rent, or more simply 'rent'. | | | But conversely, on the other lands -- the more productive and lower cost lands that were put into cultivation earlier -- total sales revenues exceed total costs, because costs on those better lands are lower -- very much lower on the best lands. |
|
http://www.eh.net/coursesyllabi/syllabi/munro/ECONRENT.htm
(1237 words)
|
|
| |
| | The Nexus of Transportation, Economic Rent, and Land Use, by H. William Batt, Ph.D. |
| | If government recaptured the socially-created economic rent from land sites that comes from the investment of the collective community, we could eliminate other taxes that are both more onerous and create a drag on the economy that makes us all poorer. | | | From the standpoint of an economic geographer, and for some land economists, land rent is simply capitalized transportation cost. | | | Ideally, deposits should be added to the price of vehicles to pay the costs of their disposal at the end of their useful lives, perhaps to be refunded to the registered titleholder when discard. |
|
http://www.taxpolicy.com/batt
(6941 words)
|
|
| |
| | Homeglossary.com - The World's Most Complete Real Estate Directory |
| | The GDP Implicit Deflator is another index of inflation that is used to isolate price changes in GNP calculations from real changes in economic activity. | | | (1) Measures of general economic performance, including gross domestic product (GDP), personal income, capital expenditures, corporate earnings, and inventories. | | | Measures that look to the past, current and future direction of the economy and may have an impact on the real estate market. |
|
http://www.yourwebassistant.net/glossary/e1.htm
(942 words)
|
|
| |
| | MSN Encarta - Search Results - pure economic rent |
| | In a market economy, government plays a limited role in economic decision making. | | | Reform : economic reform: pure food and drugs | | | Exclusively for MSN Encarta Premium Subscribers--quickly search thousands of articles from magazines such as Time, Newsweek, The Atlantic Monthly, and Smithsonian. |
|
http://encarta.msn.com/pure+economic+rent.html
(146 words)
|
|
| |
| | Individual Liberty: Economic Rent |
| | Liberty will abolish interest; it will abolish profit; it will abolish monopolistic rent; it will abolish taxation; it will abolish the exploitation of labor; it will abolish all means whereby any laborer can be deprived of any of his product; but it will not abolish the limited inequality between one laborer's product and anothers. | | | But the question at once arises: @o is to pay the government officials for their services in confiscating the economic rent and handing me my share of it? | | | has never stood with those who profess to show on strictly economic grounds that economic rent must disappear or even decrease as a result of the application of the Anarchistic principle. |
|
http://flag.blackened.net/daver/anarchism/tucker/tucker29.html
(1697 words)
|
|
| |
| | economic rent Definition |
| | Understand what considerations are needed when it's time to decide how much to spend and whether it is better to rent or buy a home. | | | Learn the steps how to make a sound financial decision when buying a house. | | | Looking to sell your home or just to find out the best practice for the process? |
|
http://www.investorwords.com/1645/economic_rent.html
(142 words)
|
|
| |
| | homes.ca - Economic rent |
| | 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. | | | Save time, money by renting directly from owners. |
|
http://www.homes.ca/Economic-rent/reference/fullview/wikipedia/216664
(175 words)
|
|
| |
| | EconPapers: The Current State and the Outlook of Taxing Economic Rent in Russia |
| | Different ways of improving natural resources taxation are considered, especially of using tax on additional profits from hydrocarbon raw materials recovery. | | | The Current State and the Outlook of Taxing Economic Rent in Russia | | | EconPapers: The Current State and the Outlook of Taxing Economic Rent in Russia |
|
http://netec.wustl.edu/BibEc/data/Articles/nosvoprec2003-6-5.html
(204 words)
|
|
| |
| | 17 AAC 10.013. Establishing Economic Rent |
| | For purposes of 17 AAC 10.011(b), the department will establish economic rent for a right-of-way held in fee simple by the use of commonly accepted real estate appraisal techniques. | | | A permittee shall reimburse the department for appraisal costs incurred to determine economic rent. | | | For rights-of-way held as easements, the consideration for the issuance of the permit is 90 percent of the economic rent established under this section for a right-of-way held in fee simple. |
|
http://www.touchngo.com/lglcntr/akstats/AAC/Title17/Chapter010/Section013.htm
(225 words)
|
|
| |
| | Economic Rent |
| | Economic rent is the income received by the factor owner over and above the amount required to induce that owner to offer the factor for use. | | | Economic rent is not the same as land rent. |
|
http://www.econ.iastate.edu/classes/econ101/merrill/fall97/chap12-17/tsld053.htm
(35 words)
|
|
| |
| | Harry Pollard / The Meanings of Economic Rent |
| | This provides us with enormous amounts of cash with which we can pay for everything without the need for taxes and provide a Citizen's Dividend for everyone. | | | When wages are deducted from production - the remainder is called rent. | | | Harry Pollard / The Meanings of Economic Rent |
|
http://cooperativeindividualism.org/pollard_meanings_of_economic_rent.html
(1711 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 stage musical by Jonathan Larson | | | Rent -- a movie version of the musical, directed by Chris Columbus |
|
http://en.wikipedia.org/wiki/Rent
(143 words)
|
|
| |
| | Economic rent |
| | Economic rent is the income received by the owner of a resource over and above the amount required to induce that owner to offer the resource for use. | | | Because Aikman's supply of labor is relatively inelastic his income is almost all economic rent. | | | At higher wage rates, he supplies that same maximum. |
|
http://www.economicsplace.com/imic5e/glossary/economicrent.html
(125 words)
|
|
| |
| | Economic rent a car - BEOGRAD |
| | ECONOMIC rent - a car is an Agency type of enterprise. | | | Established in 2002, it has very quickly made success on the market of Serbia and Montenegro with high quality of services, good cars and what is most important significantly low prices. | | | 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.... |
|
http://www.economic-ag-rentacar.com
(129 words)
|
|
| |
| | Publisher description for Library of Congress control number 00023775 |
| | This new critical and multidisciplinary approach has important policy implications for the debates over institutional reform in developing countries. | | | The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. | | | Library of Congress subject headings for this publication: Rent (Economic theory) Economic development, Asia, Southeastern Economic conditions |
|
http://www.loc.gov/catdir/description/cam021/00023775.html
(220 words)
|
|
| |
| | Fixed Inputs and Economic Rent |
| | F is the payment to the owner of the fixed input (the license); F = economic rent. |
|
http://www.econ.ucsb.edu/~rabbit/econ100b/peterpp/newCh23/sld071.htm
(16 words)
|
|
| |
| | ECONOMIC RENT |
| | Contract rent = amount we agree to pay a landlord. | | | Measure of the relative advantage one parcel has over another. |
|
http://www.uwec.edu/bfoust/155/g155_ag2/tsld023.htm
(20 words)
|
|
| |
| | Morrison (1996) Sports fans, athletes' salaries, and economic rent. (Les "fans" de sports, les salaires des sportifs et ... |
| | This note demonstrates the relevance of the principle of economic rent to the salaries paid professional athletes. | | | They attribute this state of affairs to the greed of professional athletes, a charge they often make without any understanding of the concept of economic rent, a major component of the salaries received by those who play professional sports. | | | The paper places the remuneration of professional athletes within the wider context of the entertainment industry and explains athletes' salaries from the standpoint of labor supply and demand and investment in human capital. |
|
http://www.getcited.org/pub/103335693
(223 words)
|
|
| |
| | Understanding Economics: The Law of Rent |
| | Here we have a very simple, ten-screen model in which we explore the Law of Rent. | | | On the next section, with the same day's labor, you can get only three bushels. | | | It's odd, but although the Law of Rent is every bit as important and as fundamental as the laws of, say, supply and demand, or motion, or thermodynamics, a great many people have never heard of it. |
|
http://www.henrygeorge.org/rent1.htm
(167 words)
|
|
| |
| | Sustaining the Economic Rent of Oceanic Resources: The Case of Marine Protected Areas |
| | Indeed, some marine scientists and fisheries economists view MPAs as an 'insurance policy' against over-fishing and other human uses of oceanic resources that have damaged so many of the world's fisheries. | | | 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 |
|
http://ideas.repec.org/p/uct/uconnp/2003-20.html
(380 words)
|
|
| |
| | Untitled Document |
| | Economic Rent and the Location of Agricultural Production | | | Come to class with a basic understanding of the following concepts: competitive-bidding process, demand and supply factors in housing market, basic and non-basic firms, concentric zone model, zone of transition, sector model, multiple nuclei model, International models, flavelas. | | | LR is the location rent of growing crop i at place j. |
|
http://www.valpo.edu/geomet/geo/courses/geo201/lecout/lec18vonthunen.html
(78 words)
|
|
| |
| | The School of Cooperative Individualism |
| | Here is a look at the program in operation and some of the coverage he received in the press. | | | A chapter in the effort to bring the system of political economy as developed by Henry George occured during the 1960s in Chicago. | | | John Lawrence Monroe established a new and unique educational program under the auspices of the Institute for Economic Inquiry. |
|
http://www.cooperativeindividualism.org
(818 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" |
|
http://www.m-w.com/cgi-bin/dictionary?book=Dictionary&va=economic
(102 words)
|
|
| |
| | economic rent: Definition and Much More From Answers.com |
| | economic rent is mentioned in the following topics: | | | economic rent: Definition and Much More From Answers.com | | | The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2004, 2000 by Houghton Mifflin Company. |
|
http://www.answers.com/topic/economic-rent-1
(53 words)
|
|
| |
| | The NCAA News |
| | "There's a concept called economic rent," Rawlins said, "which is that amount you get for being in that highest-paid occupation that is above what you would get in any other role. | | | You get paid because you're Steve Spurrier, Bobby Bowden or Rick Neuheisel. |
|
http://www.ncaa.org/news/2002/20020318/active/3906n40.html
(207 words)
|
|
| |
| | Boyes/Melvin 5/e Economics - Internet Exercises |
| | Is part of the explanation due to economic rent? | | | What is the median salary (after expenses) of a physician? |
|
http://college.hmco.com/economics/boyes/5e/complete/students/exercises/ch29_2.html
(134 words)
|
|
|
