Title: Economic rent - Wikipedia
Headings: Economic rent
Economic rent
Contents
Definitions
Classical rent (land rent)
Neoclassical Paretian rent
Monopoly rent
Labour
Terminology relating to rent
Gross rent
Scarcity rent
Differential rent
Contract rent
Information rent
See also
References
Further reading
External links

Content: Observing that a tax on the unearned rent of land would not distort economic activities, Henry George proposed that publicly collected land rents ( land value taxation) should be the primary ( or only) source of public revenue, though he also advocated public ownership, taxation, and regulation of natural monopolies and monopolies of scale that cannot be eliminated by regulation. Neoclassical Paretian rent
Neoclassical economics extends the concept of rent to include factors other than natural resource rents. "The excess earnings over the amount necessary to keep the factor in its current occupation." "The difference between what a factor of production is paid and how much it would need to be paid to remain in its current use." "A return over and above opportunity costs, or the normal return necessary to keep a resource in its current use." The labeling of this version of rent as "Paretian" may be a misnomer in that Vilfredo Pareto, the economist for whom this kind of rent was named, may or may not have proffered any conceptual formulation of rent. Monopoly rent
Monopoly rent refers to those economic rents derived from monopolies, which can result from (1) denial of access to an asset or (2) the unique qualities of an asset. Examples of monopoly rent include: rents associated from legally enforced knowledge monopolies derived from intellectual property like patents or copyrights; rents associated with 'de facto' monopolies of companies like Microsoft and Intel who control the underlying standards in an industry or product line (e.g. Microsoft Office);