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 land amenities, we pursue a structural approach to derive distributions of...

Hedonic land price models often use parcel size as an explanatory variable. Empirical analyses, however, are rather ambiguous regarding the direction and the size of the effect of this variable on farmland values. The objective of this paper is to investigate this size-price relation in detail...

This paper analyses the impact of a tradable production quota on firm entry and exit in the agricultural industry. We develop a dynamic stochastic equilibrium framework considering that a release of production capacity by exiting firms affects the investment options for entrants. Firms'...

Der kontinuierliche Rückgang landwirtschaftlicher Nutzfläche verbunden mit der Tendenz zu immer größeren landwirtschaftlichen Betrieben hat die Konkurrenz um den knappen Produktionsfaktor Boden in Deutschland erhöht. Von 2000 bis 2013 sind die Kaufpreise landwirtschaftlicher Nutzflächen...