请输入您要查询的字词:

 

单词 economic rent
释义
economic rent

Geography
  • A measurement of land profitability, economic rent is a payment (rent) over and above that which is necessary to stay in business. Economic rent R, is given as:

    R=Q(p-c)
    where Q is the quantity of production (as in kilos of grain per hectare), p is market price per unit, and c is the cost per unit of production (E. Sheppard 2008). Economic rent is not synonymous with profit, since opportunity cost (the cost of choosing one alternative good or service in terms of the sacrifice of the next best alternative) is built into the concept. See Coe et al. (2004) TIBG 29, 4.


Economics
  • A payment for the services of an economic resource above what is necessary for it to remain in its current use. Economic rent can result from monopoly power, network effects, political decisions, and star power. Unimproved land, which is valuable purely on account of its location, commands a rent based on its value to the user. Nobody had to be paid to make it, so rent paid to a landlord is economic rent. In the case of land which has been improved, however, for example by drainage, part of the rent is a necessary incentive for the improvements. If landlords knew that no rent could be charged, the land would not be improved.


随便看

 

科学参考收录了60776条科技类词条,基本涵盖了常见科技类参考文献及英语词汇的翻译,是科学学习和研究的有利工具。

 

Copyright © 2000-2023 Sciref.net All Rights Reserved
京ICP备2021023879号 更新时间:2024/9/29 22:57:12