quasi-rent

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Quasi-Rent

Income one earns on a sunk cost. A quasi-rent occurs when one makes an investment and pays for it, and then earns income from it without needing to make further investment. In order to be considered quasi-rent, the income must exceed the opportunity cost of the investment.

quasi-rent

see ECONOMIC RENT.
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Where the RR curves cut the CC curve gives the expected lengths of life of the technique, reflecting the scrapping rule that capital equipment will be expected to be scrapped when expected quasi-rents are zero (in this case, when expected price equals the expected marginal cost).
His answer was clear and definitive: for the older vintages to survive, they only had to expect to cover their immediate variable costs--their expected quasi-rents only had to be positive (at the margin, nonnegative).
The starting point of our empirical strategy is to use ordinary least squares (OLS) estimates, deriving an elasticity of wages with respect to quasi-rents per employee of around 6.
d) Realizing that pricing goes hand in hand with a quest for quasi-rents in contexts of asymmetric information.
Zingales (1998) expresses the view that "allocation of ownership, capital structure, managerial incentive schemes, takeovers, board of directors, pressure from institutional investors, product market competition, labor market competition, and organizational structure, can all be thought of as institutions that affect the process through which quasi-rents are distributed.
The price of gas in the United States now reflects the quasi-rents to these bottlenecks (Hartley and Medlock 2006).
In general, the empirical literature finds that (a) union wage premia are significant but vary considerably over time and across industries, (b) employment is lower in unionized sectors, (c) unions have a near-zero effect on labor productivity, (d) unions reduce firm profitability, capturing quasi-rents (2) associated with firms' durable tangible and intangible capital, and (e) unions reduce investment and productivity growth (see Hirsch 2007 for an excellent summary).
These findings are consistent with Dye's (1991) argument that disclosure of audit fees reveals quasi-rents, thereby removing the incentive to discount initial audit engagements.
Given that quasi-rents to producers are equal to revenues less the variable costs ([R.
A brief description of quasi-rents is worth recalling here:
Quasi-rents are said to exist "if the value of the asset is higher in a given use than its value in alternative uses" (Brickley and Dark, 1987: 406).
Blanchard and Philippon develop three propositions: 1) Higher product and capital market competition and integration since the 1970s have led to a steady decline in rents and to smaller and briefer quasi-rents.