Bid Rent Theory
BID-RENT MODELS Introduction Assume for a moment, we live a life of not having the knowledge of cities. Population are dispersed evenly, with population density equal in all areas. Transportation to work do not exist because everyone works from home. Exchange of goods occurs instantly and at zero cost, no matter the distance. This assumption cannot exist because we cities existing, exchange is costly and dense area stand alongside spares ones. The major reason of assuming a life without c...
Bid Rent
Assume for a moment, we live a life of not having the knowledge of cities. Population are dispersed evenly, with population density equal in all areas. Transportation to work do not exist because everyone works from home. Exchange of goods occurs instantly and at zero cost, no matter the distance. This assumption cannot exist because we cities existing, exchange is costly and dense area stand alongside spares ones. The major reason of assuming a life without cities capitalizes on ...