In practice, these tactics and more have been attempted in job actions, but all are costly and uncertain; they might reduce the returns to opportunism, but they will not alter the fundamental lesson that the quasi-rent
value of fixed and durable capital is vulnerable to appropriation by unions, and is thus more secure when and where unions are less powerful.
DeAngelo (1981) argues on the association between quasi-rent
and lowballing in her analytical setting.
The second volume begins with a focus on divorce and includes discussion of the economic costs of divorce, debates over the influence of no-fault divorce on divorce rates, quasi-rent
extraction behavior by men during the early stages of marriage as an incentive for divorce, expectations about child custody and its influence on which spouse files for divorce, and the economic rationale for alimony as a recoupment of losses suffered because of the marriage and investments made in the household rather than one's career.
These include: shirking, adverse selection, information flow, inefficient risk bearing, free-riding, and quasi-rent
, therefore, is analogous to economic rent because it
and user cost of capital are notionally equivalent to the rental price, since the latter is the opportunity cost that owners must forgo when deciding to use their own capital goods.
Further, because most of the economic value in this use is primarily a quasi-rent
, this portion of value can be captured by someone other that the owner without causing the current employment of the asset to change.
The excess of premiums over variable cost,which is necessary to induce investment, constitutes what is known as a quasi-rent
That is, the manufacturer uses RPM to induce an optimal amount of specific demand-enhancing dealer services--special or otherwise--by providing a quasi-rent
stream for the conforming dealer.
In effect, a degree of ex-post monopoly power is created which, in turn, enables a quasi-rent
to be captured.
Finally, if the firm responds to the minimum wage by reducing on-the-job training, and if at least a portion of the training is firm-specific training, then turnover will be higher since there is a smaller quasi-rent
created [4; 7].
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).