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| | Quasi-rent - Wikipedia, the free encyclopedia |
 | | Quasi rent differs from economic rent in that it is a temporary phenomenon. | | | Alfred Marshall (1842-1924) was the first to observe quasi rents. | | | A quasi rent of 30 pence is earned. |
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http://en.wikipedia.org/wiki/Quasi-rent
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| | Alfred Marshall / On Rent |
| | 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. | | | 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. |
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http://www.cooperativeindividualism.org/marshall_rent.html
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| | Economics 313 - HW5 Answers |
| | Instead of the tax you could have a similar result with rent control that limits rents to $4000 so quasi rents are $3500 after the costs of providing the apartment. | | | Rent, which if taxed, will gradually disappear over time. | | | Firm 1's rents (profits) are $100 per period. |
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http://fac.cgu.edu/~borchert/econ313/HW5A.HTM
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| | OECD Glossary of Statistical Terms - Rent - OECD |
| | 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. | | | In modern economics, rent refers to the earnings of factors of production (land, labour, capital) which are fixed in supply. |
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http://cs3-hq.oecd.org/scripts/stats/glossary/detail.asp?ID=3296
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| | Luigi Zingales - Corporate Governance and the Theory of the Firm |
| | For example, debt and takeovers are generally thought, in isolation, to be two instruments that reduce the amount of quasi rents appropriated by management. | | | This is intriguing because it has been shown empirically that legal institutions have an effect on the appropriability of quasi rents by outside investors (Zingales 1995b), on the way corporate governance is structured (La Porta and others 1998), and on the amount of external finance raised (La Porta and others 1997). | | | Reviewing the empirical evidence on the return on specialized human capital, Blair (1995) estimates that the quasi rents generated by specialized human capital are as large as accounting profits, which are likely to overestimate the quasi rent generated by physical capital. |
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http://www.inwent.org/ef-texte/instn/zingales.htm
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| | Stack57 |
| | There are many different meanings of the word "rent" in economics, but the #1 modern usage is "An earning in excess of opportunity cost." A worker earning $10 an hour, when their alternative on the open market is merely $9, is considered to earn a $1/hr rent. | | | It LOOKS a lot like a normal rent; from a superficial viewpoint, it is a reward paid to a factor which exceeds its opportunity cost. | | | The term rent then got expanded to apply to anything "land-like"; i.e., any resource that is "just there" and the existence of which does not depend upon its being paid.) The general assumption is that rents are just useless inefficiencies. |
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http://www.studyworld.com/basementpapers/papers/stack57_26.html
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| | OHII5.doc |
| | The existence of rents and quasi-rents Promote efficiency: the prospect of gaining from rents and quasi-rents may encourage employees to develop their skills Create incentives to initiate influence activities and increase the influence costs in attempts to reallocate rents and quasi-rents. | | | This question suggests that the first condition of no wealth effect may be violated The question is relevant due to changes in wealth of the employees that depend on Employees talents are in short supply (rents) Employee invest in specialized assets (quasi-rents). | | | Conclusion: High income foster honest behaviour For a certain level of monitoring by the employer, employees that have talents or skills that are scarce or have invested in specific knowledge assets gain higher rents and therefore are less motivated to cheat. |
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http://www.econ.ku.dk/okojang/OHII5.doc
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| | Publications to Download |
| | Such quasi-normative is set on a level of average rent in social (rent controlled) housing that is connected with the lowest total public costs. | | | The extensive econometric simulations of public cost of alternative rent levels in those countries took into account not only the most relevant cost items but also the side effects of housing allowances and general housing policy changes. | | | Behavioural aspects of higher/lower rents, such as tenure choice and employment status change, were also added. |
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http://seb.soc.cas.cz/publikace_download/quasipaper_en.htm
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| | Economics 313 - HW5 |
| | Are payments the person receives from their tenant rents or quasi-rents and what is the amount of these rents? | | | Assume the marginal cost of providing the unit for rent is only $500 per period. | | | Now assume the government implements a tax on rental units "to take away some of those undeserving rents that landlords earn." Let the tax be $1000 per period. |
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http://fac.cgu.edu/~borchert/econ313/HW5.HTM
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| | VALUE - LoveToKnow Article on VALUE |
| | But, when most of the land of a country is rented, both of these factors have to be considered, and it may be more convenient to the landowner to let the land with certain restrictions, which again indirectly operate on the price. | | | It thus appears that it is not always true to say that the payment of rent makes no real difference to the general public, and that it is simply a necessary method of equalizing farmers profits. | | | Even the rent of land is seen not as a thing by itself but as the leading species of a large genus; though indeed it has peculiarities of its own which are of vital importance from the point of view of theory as well as of practice (Marshall). |
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http://www.1911ency.org/V/VA/VALUE.htm
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| | Annotated Bibliography on Transaction Cost Economics |
| | They state that when long-term investments in assets are specific, (that is, when the salvage value of an asset is small), the quasi rents generated may be appropriated ex post by contracting agents. | | | More generally, they state that "if an asset has a substantial portion of quasi rent which is strongly dependent upon some other particular asset, both assets will tend to be owned by one party." | | | If quasi-rents are significant, then there is an incentive for investing agents to vertically integrate in order to reduce the risks of the appropriation of quasi-rents by opportunistic individuals. |
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http://www.ssu.missouri.edu/faculty/HJames/tce-bib.htm
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| | Publications of TAMU Economics Graduate Alumni |
| | "Rent Seeking and Supply Management in Canada" (with Merle D. Faminow), Canadian Journal of Agricultural Economics, Vol. | | | "Rent Seeking as a Justification for Privatization," Journal of Contemporary Studies, Vol. | | | "Rent Seeking on the Legal Frontier," in Cutting Green Tape, Richard Stroup and Roger Meiners, eds. |
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http://econweb.tamu.edu/alumni/publication/index.htm
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| | Q4_E370F |
| | In each case, provide an example, identify the party that earns quasi-rents, and describe the means available to the other party for extracting these rents. | | | Hold-up is a problem only if quasi-rents are positive and contracts are incomplete; and quasi-rents are positive only if there are relationship-specific assets. | | | How does the governance of inside-the-firm transactions differ from the governance of arm's-length market transactions? |
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http://www.economics.utoronto.ca/hosios/Q4_E370F.htm
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| | diss.html |
| | The second study estimates value of drought control benefits of government managed upland watersheds in Manggarai, Indonesia, as the downstream agricultural rents. | | | Soil conservation is valued in terms of on-site agricultural rents that accrue to farming households choosing to conserve their by planting trees on their own farm land, abstracting from off-site benefits. | | | Both profit function analysis (revealed production behavior) and the contingent valuation method (stated responses to proposed willingness to pay questions) are used to estimate drought control values. |
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http://www.duke.edu/~subrendu/abstract.htg/diss.html
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| | Problem Set 3 -- Due May 29, 1998 |
| | Note 1: If the quasi rents were appropriable (other oil haulers were only willing to pay $100,000, for example), then quasi-rents would indeed provide an incentive for vertical integration. | | | Quasi-rent: Payment in excess of the amount needed to keep a resource into its current use. | | | Other firms are also willing to rent it for $150,000/year to carry oil, and because they are located right next door to the first firm, it is costless for me to change the firm to which I rent it. |
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http://gsbwww.uchicago.edu/fac/thomas.hubbard/research/ec174/ps3s98s.html
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| | Buchanan: Collected Works, Cost and Choice: An Inquiry in Economic Theory, Chapter 5: Library of Economics and Liberty |
| | If it is to exist at all, the bridge between choice-influencing costs and objectively measurable outlays depends critically on the absence of quasi-rents. | | | If such rents exist, either with respect to the personal behavior of an individual or with respect to the productive activity of a firm, there can be no presumption that anticipated outlay measures subjective opportunity costs, those that must influence actual choice behavior. |
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http://www.econlib.org/library/Buchanan/buchCv6c5.html
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| | Problem Set 3 -- Due May 21, 1997 |
| | Quasi rents are payments in excess of the amount needed to keep an asset in its current use. | | | However, it is unlikely that much of the quasi-rents would be appropriable by you, because the parking spaces are equally valuable to other users. | | | Most of the money parking garage operators receive is quasi-rents since what they would receive in its next best use is low. |
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http://gsbwww.uchicago.edu/fac/thomas.hubbard/research/ec174/ps3s97s.htm
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| | MARXIAN ECONOMICS |
| | Imperialism, they argued, is the outcome of capitalist competition for profit rents, not necessarily the outcome of crisis avoidance. | | | They regarded the First World War precisely as a "hot" version of competitive capitalism. |
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http://cepa.newschool.edu/het/schools/marxian.htm
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| | The Macroeconomics of Specificity |
| | Rent appropriation, we argue, also has important macroeconomic implications. | | | The recognition that such contracts are often incomplete has yielded major insights into the organization of microeconomic exchange. | | | Resources are underutilized, factor markets are segmented, production suffers from technological with creation, recessions are excessively sharp, and expansions run into bottlenecks. |
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http://ideas.repec.org/p/nbr/nberwo/5757.html
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| | Email a Friend |
| | In other words innovation may be a good instrument for proxies for rents such as profitability, quasi-rents or Tobin's q. | | | Title: The Creation and Capture of Rents: Wages and Innovation in a Panel of UK Companies | | | This appears consistent with a model where wages are partly determined by a sharing in the rents generated by innovation. |
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http://www.cepr.org/home/cite.asp?Type=DP&Item=1071
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| | CATHOLIC ENCYCLOPEDIA: Tuam |
| | The primates, however, were allowed the rents of certain church lands in Tuam, but these claims they afterwards remitted in exchange for lands in the north of Ireland. | | | His sojourn for forty days on ynod of Kells (1152), and the controversy was carried to Rome and finally decided in their favour. |
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http://www.newadvent.org/cathen/15079d.htm
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| | Energy Citations Database (ECD) - Energy and Energy-Related Bibliographic Citations |
| | Energy Citations Database (ECD) Document #6213910 - Changing energy prices and economic rents: the case of Western coal | | | Changing energy prices and economic rents: the case of Western coal | | | Availability information may be found in the Availability, Publisher, Research Organization, Resource Relation and/or Author (affiliation information) fields and/or via the "Full-text Availability" link. |
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http://www.osti.gov/energycitations/product.biblio.jsp?osti_id=6213910
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| | quasi rents - OneLook Dictionary Search |
| | quasi rents : Glossary of research economics [ home, info ] | | | We found one dictionary with English definitions that includes the word quasi rents : | | | Tip: Click on the first link on a line below to go directly to a page where "quasi rents" is defined. |
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http://public.onelook.com/?w=quasi+rents
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| | generator press |
| | buttering aspirin athletics once in thermal coherency, when thought rents diagrams of distortion-managers, other heavies lament passport elementals so a pilot vacuums flowing teepees. | | | quasi oleo the future, timorous herald of rinse, ten spot deflector as protégé lopping stultifies, magically pretending tinsel tornadoes, lemon cloud, fluoride to endless gratitude in arcane dietitian-libertines. | | | at blanched corners, noon blunts a grin-choices the palliative emits, staring cloacae commiserate there in as processual non hulking, slit as verification serendipity, the escort silent for trip, hemispheres, not likely quasi filigree. |
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http://www.generatorpress.com/pages/29/index.htm
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| | Anthere weblog |
| | Ainsi, le statut quasi monopolistique de certaines organisations et leur influence sur la diffusion du savoir… doit il être mis en question ? | | | Je vous invite à lire mes réponses sur www.neteconomie.com |
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http://anthere.shaihome.net
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| | Press Release : artprice.com, world leader in art information and art market indices |
| | Artprice et @uctionspress (la Gazette de l'Hôtel Drouot, le Moniteur des ventes et le pôle Internet) ont des modèles économiques quasi identiques et complémentaires. | | | Cette banque de données regroupe la quasi intégralité des ventes américaines entre 1700 et 1913, avec le nom de l’acheteur et du vendeur. |
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http://serveur.serveur.com/Press_Release/pressreleaseEN.htm
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| | rent |
| | 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. | | | 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. | | | 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. |
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http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/marshall/rent
(4306 words)
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| | rent |
| | 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. | | | 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. | | | 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. |
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http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/marshall/rent
(4306 words)
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