What Is Land Value?
The land value theory is also called the bid rent curve. It mainly elaborates the relationship between the economic attributes of land and land use. It is one of the most effective tools for geographers to analyze the structure of urban land use and the location of urban economic activities. Originated from Duneng's agricultural land use model, it is believed that the location of different activities will depend on competitive bidding for specific locations.
Land value theory
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- Chinese name
- Land value theory
- Also known as
- Tender rent curve
- Consider
- Proximity to specific locations
- All objects
- Geographer
- The land value theory is also called the bid rent curve. It mainly elaborates the relationship between the economic attributes of land and land use. It is one of the most effective tools for geographers to analyze the structure of urban land use and the location of urban economic activities. Originated from Duneng's agricultural land use model, it is believed that the location of different activities will depend on competitive bidding for specific locations.
- The amount that an enterprise can bid on depends on its expected profitability, mainly considering the proximity of consumers to a particular location. A company's investment in proximity depends on the cost it can pay and its land use arrangements. The core area of the city provides the greatest accessibility and the highest land value. Different types of commercial institutions and facilities of different sizes are arranged and combined into a regular distribution pattern from the city center to the city edge according to their ability to pay the maximum rent. In 1970, P. Scott charted the relationship between rent gradients and store types. Ghana (BFGarner) equates high-threshold functions with the ability to pay rents. By distinguishing district, community, and neighborhood business types, a concise space model of different business centers has been established on the basis of a series of tender rent curves.