land markets; in particular the capitalization of the SPS in land rental values. Our analyses suggest that the …

decoupled payments as well as its budget. We assess the possible effects of the 2013 CAP reform on the capitalization of … decoupled payments in land rental values. Our estimates suggest that the CAP reform leads to an increase in the capitalization …) and New MS (NMS). In NMS the capitalization rate slightly reduces from 76% in the pre-reform period to 72% in the post …

present value model, may produce biased results. We conclude that estimates for the capitalization of agricultural …

We review the recent theoretical and empirical literature on the capitalization of agricultural subsidies into land …-based subsidies exhibit higher capitalization than coupled payments and non-land-based subsidies, respectively. However, estimated … capitalization rates vary widely across studies largely because of data availability and identification challenges. …