Let G be a bipartite planar graph and k[G] its associated monomial alg
ebra. We find a linear system of parameters for k[G] and a maximal reg
ular sequence in P(G), the presentation ideal of k[G]. This allows us
to bound the coefficients of the Hilbert series. and in some cases to
compute it exactly. The techniques of the theory of Grobner bases are
used throughout.