Study Guides (248,363)
Canada (121,503)
Geography (264)
GEO 106 (38)

GEO 106 ch 10.docx

5 Pages
Unlock Document

GEO 106
Shavin Malhotra

GEO 106 November 18 2013Bid Rent TheoryBid rent theory was first pIt depends on the weight and value of the commodityIt depends whether or not the good is perishable if it is the more perishable the closer it is to the marketBid Rent TheoryAll later ideas followed Von Thunens basic premise A particular piece of land will be used by that activity that can pay the highest net rentThe idea is that every piece of land will get used by or sold to the highest and best use whereHighest is measured in terms of how much rent or profit it can generate andBest in terms of which use or product can best take advantage of the sites attributesBid Rent TheoryVon Thumen was very much ahead of his time in his ideas including the fact that he used a modeling approach in his analysis That is he assumed thathis landscape was an isolated state or what we would today call a closed economic systemit was an isotropic plain ie no difference in fertility transportation topography etcall crops had a uniform production function ie they were all produced the most efficient wayThere was a single central market placefarmers and buyers were economic personGiven these conditions the only thing left to vary was transportation costswhat would later be called the friction of distance
More Less

Related notes for GEO 106

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.