Gil Skillman:
Well, the most general answer is that an " economic rent" arises anytime
someone receives a return greater than the amount necessary to induce them
to stay in the activity that yields the return. The question is what makes
this possible. As your own examples suggest, "scarcity" of some sort or
other is necessary, but not sufficient; you also need *some* form of
unequal distribution, if only unequal distribution of "psychic opportunity
costs" (yielding differential supply prices, so that inframarginal
suppliers earn rents even if marginal suppliers don't).  Otherwise, you
could have "scarcity" in the neoclassical sense--i.e., opportunity
cost--but no economic rents.

a rent is received because of some sort of _special_ advantage that
someone has (almost by definition, if not exactly so). That means that
there must be some sort of distributional content to it. If the
advange is distributed evenly among everyone, there is no special
advantage and no rent. (It's a _general_ advantage.)
--
Jim Devine / "Mathematicians are like Frenchmen: whatever you say to
them, they translate it into their own language, and forthwith it
means something entirely different." -- Johann Wolfgang von Goethe

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