Grau, Aaron; Jasic, Svetlana; Ritter, Matthias; … - Agricultural Land Markets - Efficiency and Regulation - 2019
This paper is one of the first attempts to utilize the theoretical framework of the new economic geography for explaining agricultural land prices. We adopt a model proposed by Pflüger and Tabuchi (2010), which allows to consider land as a production factor. We derive a short-run equilibrium...