Difference between marginal product and opportunity cost
Further information: Law of rent
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In neoclassical economics, economic rent is any payment (in the context of a market transaction) to the owner of a factor of production or resource supply of which is fixed.[1] In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities (e.g., patents). In the moral economy of neoclassical economics, economic rent includes income gained by labor or state beneficiaries of other "contrived" (assuming the market is natural, and does not come about by state and social contrivance) exclusivity, such as labor guilds and unofficial corruption.
^Alchian, Armen (2018). The New Palgrave Dictionary of Economics (3 ed.). Springer. doi:10.1057/978-1-349-95121-5_1738-2. ISBN 978-1-349-95189-5. Retrieved 7 May 2024.
In neoclassical economics, economicrent is any payment (in the context of a market transaction) to the owner of a factor of production or resource supply...
temporary use of a good, service or property Economicrent, any payment in excess of the cost of production Rent-seeking, attempting to increase one's share...
The law of rent states that the rent of a land site is equal to the economic advantage obtained by using the site in its most productive use, relative...
provides an income for the landowner. In economics, ground rent is a form of economicrent meaning all value accruing to titleholders as a result of the...
tax movement, is an economic ideology holding that people should own the value that they produce themselves, while the economicrent derived from land—including...
usually termed economicrent but when referring to rent in natural resources such as coastal space or minerals, it is commonly called resource rent. It can also...
of natural resources alone (e.g., land, not buildings) from which an economicrent, a form of passive income, is the income received. The concept of a...
Schumpeterian rent is seen as a form of economicrent, although Schumpeterian rent may be seen as an incentive towards greater economic efficiency. In...
recognition of economicrent. Most modern economists no longer recognize land/location as a factor of production, often claiming that rent is non-existent...
opportunity cost of the owner's resources. A related broader term is economicrent, which applies to the owner of a resource, such as land, rather than...
Surplus product Surplus value Utility Value added Welfare economics Economicrent Surplus sharing Bade, R., & Parkin, M. (2017). Essential Foundations...
collect economicrent, in particular the value of land, for both reasons of economic efficiency as well as morality. The efficiency of using economicrent for...
a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization...
measure the rent homeowners would pay for a housing unit equivalent to the one they own. Imputing housing rent is necessary to measure economic activity...
In the United States, rent control refers to laws or ordinances that set price controls on the rent of residential housing to function as a price ceiling...
Michael Hudson is a proponent for taxing rent, especially land rent. ".... politically, taxing economicrent has become the bête noire of neoliberal globalism...
captured economicrent from the land exceeds the title-holder's equal share of total land value in the jurisdiction. On this proposal, rent is collected...
himself, the tenant of the landowner, or by hired farm workers. Rent as an economic category is regarded by Marx as one form of surplus value just like...
deductive logic to argue for a radical solution focusing on the capture of economicrent from natural resource and land titles. Progress and Poverty, George's...
Rent extraction (Chinese: 抽租) is a notion formulated by American jurist Fred S. Mcchesney (1948–2017) in his 1987 essay Rent Extraction and Rent Creation...
poverty amid economic and technological progress, the business cycle with its cyclic nature of industrialized economies, and the use of rent capture such...
for Rent measures the change in economicrents, because utilities are often provided in rental agreements; while the CPI for Owners Equivalent Rent (OER)...