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2014-08-28Buch DOI: 10.18452/3235
Is there a Term Structure in Land Lease Rates?
dc.contributor.authorHüttel, Silke
dc.contributor.authorRitter, Matthias
dc.contributor.authorEsaulov, Viacheslav
dc.contributor.authorOdening, Martin
dc.date.accessioned2017-06-15T20:17:22Z
dc.date.available2017-06-15T20:17:22Z
dc.date.created2014-08-28
dc.date.issued2014-08-28none
dc.date.submitted2014-08-15
dc.identifier.urihttp://edoc.hu-berlin.de/18452/3887
dc.description.abstractThis paper applies the concept of a term structure to agricultural land rental prices. Based on theoretical considerations, we develop a hedonic pricing model that allows for different shapes of the term structure curve while controlling for other price-relevant characteristics. We apply this model to land lease contracts in Saxony-Anhalt concluded between 2002 and 2010. We find an upward-sloping term structure at the beginning, that is, market participants expected increasing rental prices. For the subsequent years, however, we detect a singlehumped term structure. Hence, market participants revised their expectations and assumed a decline of land rental prices in the long-term.eng
dc.language.isoeng
dc.publisherAlbrecht Daniel Thaer-Institut für Agrar- und Gartenbauwissenschaften
dc.relation.ispartofseriesSiAg Working Papers - 17, SiAg Working Paper
dc.subjectFarmlandeng
dc.subjectlease rateeng
dc.subjectterm structureeng
dc.subjecthedonic price modeleng
dc.subjectprivatizationeng
dc.subject.ddc630 Landwirtschaft, Veterinärmedizin
dc.subject.ddc300 Sozialwissenschaften, Soziologie, Anthropologie
dc.titleIs there a Term Structure in Land Lease Rates?
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100219763
dc.identifier.doihttp://dx.doi.org/10.18452/3235
local.edoc.container-titleSiAg Working Papers
local.edoc.container-titleSiAg Working Paper
local.edoc.pages23
local.z-edoc.journal-periodikumAusgabe17,
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2014
local.edoc.container-issue17
local.edoc.container-year2014

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