In this paper we analyse agricultural land prices in the German Federal State of Brandenburg within the period 2000-2011. Our objective is to understand the price formation process in foreclosures. One effect of foreclosures relates to pressured sales, which likely lead to a price discount, and...

In a production process with a labor and a nonlabor input we show that the principals profits increase when she controls the nonlabor input. Furthermore output increases since the principal can allocate capital to help mitigate her information costs. However this mitigation of information costs...

Visual presentation for the 2012 IAAE triennal conference.

This paper examines the impacts of prenatal conditions on child growth using recent data from Indonesia. There is seasonality in birthweight: This measure is significantly higher immediately after the main rice harvest in the country. The empirical results show that an increase in birthweight...