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Wilhelm Launhardt and Bid-Rent Curves: A Note
Published online by Cambridge University Press: 11 June 2009
Extract
One of the very important components in the urban and agricultural land use model is the so-called bid-rent curve. Regional and urban economists, city planners, and economic geographers have used this curve extensively as an analytical device. It is generally accepted that the explicit bid-rent function was first applied to the equilibrium of land use patterns in agricultural production by August Losch (1954) in Germany and Edgar S. Dunn (1954) in America, and was later extended by William Alonso (1964).
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- Copyright © The History of Economics Society 2004