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GEO 106 ch 10.docx

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Department
Geography
Course
GEO 106
Professor
Shavin Malhotra
Semester
Fall

Description
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
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