States named after this quantity suffer from economic underdevelopment, according to Hossein Mahdavy. The percent change in the net price at a given time should equal the discount rate in order to maximize a form of this quantity named for Harold Hotelling. In an article partially titled for a “society” named after this quantity, Anne Krueger examined data from Turkey and India to analyze how import restrictions affect this quantity. Joseph (*) Stiglitz showed that investments in public goods increase this quantity by at least as much as the cost of the investment, known as the Henry George theorem. David Ricardo proposed a law that this quantity equals the economic advantage obtained by productively using a site. For 10 points, income derived from control over a limited resource defines what economic quantity which namesake “seekers” try to increase? ■END■
ANSWER: economic rent [accept rent-seeking; accept law of rent; accept rentier states; accept Hotelling rent; prompt on profit or wealth; prompt on income before read]
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= Average correct buzz position