Browsing by Author "Seifert, Stefan"

Now showing items 1-3 of 3

2020-02Diskussionspapier

Common values and unobserved heterogeneity in farmland auctions in Germany

Seifert, Stefan; Hüttel, Silke

In this paper, we test for the existence of a common component in agricultural land auctions in eastern Germany during the price boom 2007-2018 and discuss respective policy implications. Using a large, detailed dataset ...
2019-10-29Diskussionspapier

Price dispersion in farmland markets: What is the role of asymmetric information?

Kahle, Christoph; Seifert, Stefan; Hüttel, Silke

This article investigates the role played by informational cost in agricultural land markets to explain price dispersion. Based on a hedonic model under incomplete information, we build a two-tier stochastic frontier. ...
2019-04-17Diskussionspapier

Revisiting the relationship between land price and parcel size

Ritter, Matthias; Hüttel, Silke; Odening, Martin; Seifert, Stefan

Hedonic land price models often use parcel size as an explanatory variable. Empirical analyses, however, are rather ambiguous regarding the direction and the size of the effect of this variable on farmland values. The ...