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. ...