ABSTRACT

The Consumption Theory of Land Rent (CLTR) is a theory of why the urban landscape has the general makeup that it has. The CTLR is a geometric solution of the urban land use and land rent problem. The geometry can be used to derive the trend and long-term consequence upon urban spatial structure resulting from policy decisions by government such as introducing light rail rapid transit systems, or a parameter change in the economy such as a general rise in real income. Like the paradigm of the supply and demand curve geometry in classical aspatial economics that enables one to analyze the relationships between price and quantity, the CTLR is an accessible geometry for analyzing the effect of changes in institutional constraints and various exogenous parameters upon the geography of the city. The CTLR can contribute to both a formal and an intuitive understanding of what processes bring about the urban landscape.