Quasi-rent or Marshallian rent is a temporary economic rent like returns to a supplier/owner. Alfred Marshall was the first to observe quasi-rents. Quasi-rent differs from pure economic rent in that it is a temporary phenomenon. It can arise from the barriers to entry that potential competitors face in the short run, such as the granting of patents or other legal protections for intellectual property by governments. It can also arise due to entrepreneurial responses to market fluctuation, or due to a lack of real capital to meet near-term increases in demand. In the longer term, however, the opportunity to profit will generate new capital and the quasi-rent will be competed away.
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| - شبه ريع (ar)
- Quasi-Rente (de)
- Quasi-rent (en)
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| - شبه الريع عائد تحصل عليه مؤسسة أو عنصر إنتاجي معين يعتبر ربحا استثنائيا في الأجل القصير ولكنه يصبح تكلفة حقيقية في الأجل الطويل. (ar)
- Die Quasi-Rente ist ein Begriff aus der Transaktionskostentheorie. Unter einer Quasi-Rente wird die Differenz des Ertrags einer Investition in ihrer besten Verwendung zum Ertrag in ihrer nächstbesten Verwendung verstanden. (de)
- Quasi-rent or Marshallian rent is a temporary economic rent like returns to a supplier/owner. Alfred Marshall was the first to observe quasi-rents. Quasi-rent differs from pure economic rent in that it is a temporary phenomenon. It can arise from the barriers to entry that potential competitors face in the short run, such as the granting of patents or other legal protections for intellectual property by governments. It can also arise due to entrepreneurial responses to market fluctuation, or due to a lack of real capital to meet near-term increases in demand. In the longer term, however, the opportunity to profit will generate new capital and the quasi-rent will be competed away. (en)
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| - can be read to suggest that Ricardo recognized quasi-rents before Marshall, which conflicts with first statement on page (en)
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| - شبه الريع عائد تحصل عليه مؤسسة أو عنصر إنتاجي معين يعتبر ربحا استثنائيا في الأجل القصير ولكنه يصبح تكلفة حقيقية في الأجل الطويل. (ar)
- Die Quasi-Rente ist ein Begriff aus der Transaktionskostentheorie. Unter einer Quasi-Rente wird die Differenz des Ertrags einer Investition in ihrer besten Verwendung zum Ertrag in ihrer nächstbesten Verwendung verstanden. Dies ist der Verlust, der entsteht, wenn die Investition nicht im beabsichtigten Sinn verwendet werden kann. Die Quasirente tritt auf, wenn für einen Austausch (Transaktion) spezifische Investitionen aufgewendet werden müssen. Das sind Investitionen, die außerhalb des Austausches nur einen geringeren Wert haben. Diese können von einem opportunistischen Vertragspartner z. B. dadurch abgeschöpft werden, dass dieser den Preis gerade so hoch setzt, dass der Vertragspartner gerade noch am Vertrag festhält (vgl. Hold-up-Problem). Je höher dabei die Quasi-Rente ist, desto spezifischer ist eine Investition bzw. desto höher ist der Spezifitätsgrad einer Transaktion. (de)
- Quasi-rent or Marshallian rent is a temporary economic rent like returns to a supplier/owner. Alfred Marshall was the first to observe quasi-rents. Quasi-rent differs from pure economic rent in that it is a temporary phenomenon. It can arise from the barriers to entry that potential competitors face in the short run, such as the granting of patents or other legal protections for intellectual property by governments. It can also arise due to entrepreneurial responses to market fluctuation, or due to a lack of real capital to meet near-term increases in demand. In the longer term, however, the opportunity to profit will generate new capital and the quasi-rent will be competed away. In the field of Industrial Organizations, Oliver Williamson points out that "[t]he joining of opportunism with transaction-specific investments (or what Klein, Crawford, and Alchian refer to as "appropriable quasi rents") is a leading factor in explaining decisions to vertically integrate." Quasi-rent refers to that additional income which is similar to rent. According to David Ricardo, rent arises on account of fixed supply of land. But he recognizes other factors which are found in fixed supply in the short term. The additional income earned by these factors in the short-period is similar to rent. (en)
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