Adelaja, Adesoji O.; Hailu, Yohannes G.; Tekle, Ahadu T.; … - In: Agricultural Finance Review 70 (2010) November, pp. 377-398
Purpose – The purpose of the study is to test how land owners respond to the appreciation of land values in the … presence of speculation. This paper introduces the concept of “land hoarding,” which is land owners' response to higher land … prices by selling more land up to a point beyond which accelerated land price appreciation would lead to land hoarding …