Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. The income earned, in excess of post-investment opportunity cost, by a sunk cost investment.

Etymologies

Sorry, no etymologies found.

Examples

  • Professor Pigou, conformably with his other tacit assumptions, leads us (in his Economics of Welfare) to infer that the unit of waiting is the same as the unit of current investment and that the reward of waiting is quasi-rent, and practically never mentions interest, which is as it should be.

    The General Theory of Employment, Interest, and Money

  • Not, be it noted, the amount of money which the recipient of income might, but does not, spend on consumption; so that the reward of waiting is not interest but quasi-rent.

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  • Professor Pigou, conformably with his other tacit assumptions, leads us (in his Economics of Welfare) to infer that the unit of waiting is the same as the unit of current investment and that the reward of waiting is quasi-rent, and practically never mentions interest, - which is as it should be.

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  • Indeed, to gain advantage-to earn "economic rent" or "economic quasi-rent" - the firm must transform need into want, thereby constructing the predicate absolutely necessary for product differentiation so consumers will pay a higher price, not because a product is better (it might or might not be), but only because the consumer believes it is better.

    The Dark Wraith Forums

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