Search results
Results from the WOW.Com Content Network
The produce obtainable on the best available rent-free land is known as the margin of production. Since landlords have a monopoly over a given location, the only limiting factor for rent is the margin of production. Thus, rent is a differential between the productive capacity of the land and the margin of production. [citation needed]
This model is the urban equivalent of von Thünen's rural land use model in that both are based upon locational rent. The main assumption is that in a free market the highest bidder will obtain the use of the land. The highest bidder is likely to be the one who can obtain the maximum profit from that site and so can pay the highest rent.
Rent as an economic category is regarded by Marx as one form of surplus value just like net interest income, net production taxes and industrial profits. [6] Marx's main texts on rent theory can be found in the second (edited) volume of Theories of Surplus Value and in Part 6 of Capital, Volume III .
Economic rent is viewed as unearned revenue [2] while economic profit is a narrower term describing surplus income earned by choosing between risk-adjusted alternatives. Unlike economic profit, economic rent cannot be theoretically eliminated by competition because any actions the recipient of the income may take such as improving the object to ...
Bid rent curve. The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. Bid Rent Theory was developed by William Alonso in 1964, it was extended from the Von-thunen Model (1826), who analyzed agricultural land use.
Section 8 housing is just one resource; elsewhere, there are tax credit eligibilities via the Arizona Department of Revenue and rental discounts for seniors. Check out what it costs for retireees ...
Thirty-one-year-old Navy veteran Alan Pickens and his wife move nearly every year "because the rent goes up, it gets unaffordable, so we look for a new place to stay," he said.
Henry George had famously advocated for the replacement of all other taxes with a land value tax, arguing that as the location value of land was improved by public works, its economic rent was the most logical source of public revenue. [3] Subsequent studies generalized the principle and found that the theorem holds even after relaxing ...