How do institutional market players matter in farmland pricing?

Volume: 59, Pages: 154 - 167
Published: Dec 1, 2016
Abstract
In this paper we analyse how institutional sellers within the privatisation process shape price formation in agricultural land markets by taking the German reunification as an example. These institutions sell the formerly state owned land within first-price sealed bid auctions, publish calls and obtained prices, and are hypothesised to exploit their market power. Based on the conceptual framework of hedonic pricing models, we use a...
Paper Details
Title
How do institutional market players matter in farmland pricing?
Published Date
Dec 1, 2016
Volume
59
Pages
154 - 167
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