Economic rents - Hutchinson encyclopedia article about Economic rents Printer Friendly
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economic rent
(redirected from Economic rents)

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economic rent

Payment to a factor of production over and above its transfer earnings, in other words, what it could earn in its next best use. For example, if a footballer is paid £50,000 a year but could only earn £20,000 a year in his next best job, then his economic rent would be £30,000.



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For example, Congress has conferred upon the secretary of agriculture the authority to issue so-called agricultural marketing orders, which restrict supply, drive up prices, and thus create economic rents for producer cartels.
Power Without Responsibility: How Congress Abuses the People through ... by Greve, Michael S. / Reason
As a result, opportunities to take advantage of temporary economic rents in previously protected segments have attracted numerous actual and potential entrants.
Research and Markets: Telecom Company Batelco's Monopoly of ... by Business Wire
Its main impact is on the redistribution of economic rents through the allocation of inputs and outputs at below-market prices.
The Market Mechanism and Economic Reforms in China by Watson, Andrew / Pacific Affairs
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