Now showing items 1-9 of 9
Farmland Values and Bidder Behavior in First-Price Land Auctions (02/2018)
Within this paper, we aim to investigate asymmetries among bidders in land auctions that may entail non-competitive prices. Using representative data for Eastern Germany including winning bids, bidder characteristics, and ...
Public preferences for pasture landscapes and the role of scale heterogeneity
Despite its relevance for agricultural production, biodiversity and landscape aesthetics, grazing livestock is rarely considered in research on public landscape preferences. This paper studies public preferences for pasture ...
Land price diffusion across borders: The case of Germany (03/2018)
Land market regulations are often justified by the assumption that activities of foreign and nonagricultural investors drive up land prices in countries with low land price levels. However, empirical knowledge about the ...
The Spatial and Temporal Diffusion of Agricultural Land Prices (01/2018)
In the last decade, many parts of the world experienced severe increases in agricultural land prices. This price surge, however, did not take place evenly in space and time. To better understand the spatial and temporal ...
What Moves the German Land Market? A Decomposition of the Land Rent-Price Ratio
The price increases on agricultural land markets in the last decade have triggered a debate about land as an attractive investment opportunity for agricultural and nonagricultural investors. In a static environment, the ...
Revisiting the relationship between land price and parcel size
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 ...