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BidRent The Mathematics of Location

As part of the mantra "Location, Location, Location", one hears about "The Path of Progress". The mathematical representation of the path of progress is the rate at which rent decays as one moves (in a certain direction) away from a center of interest. Such a center typically is the so-called "High Rent District".

In the plot below the high rent district is to the left, the highest rent occurring at the origin.



Animate this graphic at the Wolfram Demonstrations Project