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bid-rent curve |
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A plot of the rent which people are prepared to pay against distance from some point, usually the city centre. Rent bids generally decrease with increasing distance from a city or its centre where land values are highest, so a bid-rent curve slopes down in a diagram with rent on the vertical axis and distance displayed horizontally (see Alonso model, p. 21). The curve is sometimes shown as convex to the origin of the graph, to reflect sharp decreases in rent with short distances from the city (centre), levelling off with increasing distance. Bid-rent curves are an important element in the Alonso model of urban land use and in the von Thünen model of agricultural land use. (DMS) |
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