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...

Economic and financial crises have brought the rise of unemployment, reduction of economic growth and emergence of global imbalances and tensions as countries and regions have suffered the effects of a variety of internal and external shocks. In this context of constant disruption, the...