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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 ...
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 ...