Abstract
In seeking to explain the determination of rental value, we shall address ourselves to the following three questions:
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(a)
What causes rent to be paid for the use of property?
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(b)
What determines the amount of rent paid for the use of a property?
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(c)
What causes rental value to change over time?
We shall introduce our analysis with a simple example in the context of farmland, then give our theory a more rigorous theoretical examination, and finally convert to the full practicalities of urban property.
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© 1984 W. D. Fraser
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Fraser, W.D. (1984). The concept of rent as a surplus. In: Principles of Property Investment and Pricing. Palgrave, London. https://doi.org/10.1007/978-1-349-17683-0_14
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DOI: https://doi.org/10.1007/978-1-349-17683-0_14
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-32122-5
Online ISBN: 978-1-349-17683-0
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