Abstract
This paper is an attempt to generalize the bid price curve of urban firms by considering the production and demand oriented theories together. By applying the powerful envelope theorem, we derive the basic properties and the shape of the bid price curve. Contrary to Alonso, Mai and Richardson, we show that the bid price curve can be straightline, convex to the origin or concave to the origin.
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The author is indebted to Professors R.Anderson, J. Lim and C. C. Mai. Responsibility for all errors is the author's.
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Shieh, Yn. On the bid price curve of intra-urban business. Ann Reg Sci 16, 51–56 (1982). https://doi.org/10.1007/BF01287406
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DOI: https://doi.org/10.1007/BF01287406