(AT) Real Estate Bid Rent Function: Commuting Cost & Income Affect Housing Demand

(AT) Real Estate Bid Rent Function: Commuting Cost & Income Affect Housing Demand

How do you do? I’m Dr. John Sase. Welcome to Urban Economics, Advanced Topic number five. In this video, we will consider the effects that changes in commuting costs and changes in income have upon the demand for real estate in an urban area. Though the bid-rent curve can be modeled alternatively with a quadratic function or topological algebra, we

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