QUASI-RENT

quasi-rent. (often pl.) Law and economics. Value over and above one’s opportunity cost or

next best alternative; the excess of an asset’s value over its salvage value. • In the economic theory

of marriage, a quasi-rent is a spouse’s excess value of the marriage over the value of the next best

option of not being in that specific marriage. The next best option may be separation, divorce, or

divorce and remarriage, depending on the spouse’s preferences and opportunities. [Blacks Law 8^th]