The DCSF says most of the misspending related to excess rent paid to the Ethnic Minority Foundation, of which Bhatia is co-founder and chair.
Had the reimbursement gone through, I would have accepted the loss of the 1000 Euros in excess rent, the time, and the promised luxury apartment as an unfortunate mishap of travel.
In an effort to harness the generosity without leaving the four children worse off when it subsides, the Cruz Family Trust has been established to use donations for the children's educational enrichment; for uncovered medical expenses; excess rent, if allowed; and purchases like school uniforms, lawyers said.
We report several insights, perhaps most importantly, we consistently reject the Walrasian model in favor of the excess rent model, regardless of market institution.
To provide a theoretical basis to our investigation, we test and compare the excess supply model (Walras (1874, 1877, 1889, 1896)) and the excess rent model (Smith (1962, 1965)) in both market institutions.
The most common explanation is that large firms hold monopolistic positions in their product markets that allow them to earn excess rent, some of which is shared with workers through higher wages.
Philippine electricity rates are among the highest in Asia due to lack of government subsidies and steep production costs (65% of your electric bill, local media say), which Leviste imagines comes from excess rent charged by power distributors to producers.
This will not turn out to be part of her scam to churn through roommates and pocket excess rent.
Many of the excess profits, or "rents", are captured by administrators.
The original aim was to tax the excess profits, or rents, that mining firms earn from the minerals they extract.
