Browsing Albrecht Daniel Thaer-Institut für Agrar- und Gartenbauwissenschaften by Subject "hedonic pricing"
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2019-10-29DiskussionspapierPrice dispersion in farmland markets: What is the role of asymmetric information? 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. ...