What is Rent dissipation? Please explain with an example. I tried to search it on the internet about it. And I couldn't find anything in simple language. It was the esoteric language and was unclear. I wish there might have been a simple paragraph out there that could explain its meaning.
You may find this article useful Licensing and Rent Dissipation.
In simple terms you might think of it as the devaluation of an 'asset' of some sort.