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2024-04-02Diskussionspapier DOI: 10.18452/28472
Rental and sale prices of agricultural lands under spatial competition
dc.contributor.authorGraubner, Marten
dc.contributor.authorHüttel, Silke
dc.date.accessioned2024-04-02T08:38:45Z
dc.date.available2024-04-02T08:38:45Z
dc.date.issued2024-04-02none
dc.identifier.urihttp://edoc.hu-berlin.de/18452/29097
dc.description.abstractMuch of the land economics literature has largely ignored the spatial nature of competition and related differences between farmland rental and sales markets. In this note we propose a model for price formation in both markets under a spatial competition framework. We demonstrate that price formation differs, particularly under policy-induced output price shocks. We suggest that using rent-price ratio as an approximation for expectations in the net returns of farming, based on the net present value model, may produce biased results. We conclude that estimates for the capitalization of agricultural, environmental and energy policy into farmland prices can be biased.eng
dc.language.isoengnone
dc.publisherHumboldt-Universität zu Berlin
dc.rights(CC BY-NC-ND 4.0) Attribution-NonCommercial-NoDerivatives 4.0 Internationalger
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectLand Marketseng
dc.subjectRent-price Ratioeng
dc.subjectSpatial Competitioneng
dc.subject.ddc630 Landwirtschaft und verwandte Bereichenone
dc.titleRental and sale prices of agricultural lands under spatial competitionnone
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/29097-1
dc.identifier.doihttp://dx.doi.org/10.18452/28472
dc.type.versionpublishedVersionnone
local.edoc.pages14none
local.edoc.type-nameDiskussionspapier
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
dc.identifier.zdb2941991-8
bua.series.nameFORLand Working Papersnone
bua.series.issuenumber29none
bua.departmentLebenswissenschaftliche Fakultätnone
bua.series.editorOdening, Martin

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