Land price formation under different market mechanisms and market conditions

不同市场机制和市场条件下的国家价格形成

• 批准号: 243110226
• 负责人: Professorin Dr. Silke Hüttel
• 金额: --
• 依托单位: Abteilung Management der Agrar- und Ernährungswirtschaft
• 依托单位国家: 德国
• 项目类别: Research Grants
• 财政年份: 2013
• 资助国家: 德国
• 起止时间: 2012-12-31 至 2018-12-31
• 项目状态: 已结题
• 来源: https://gepris.dfg.de/gepris/projekt/243110226?language=en
• 关键词: Land; price; formation; under; different

The objective of this research project is to explore price formation for agricultural land in various market segments using states in the former East Germany as an example. Our main hypothesis is that the market mechanism (auction versus negotiations) has a significant impact on realised land prices. Focusing on the role of market mechanisms distinguishes our study from traditional hedonic land price studies that mainly consider individual plot characteristics and regional variables. Based on auction theoretic models, we empirically test the influence of the market mechanism using data for East Germany, which offers a natural experiment to analyse different market segments. Knowledge of the impact of these factors is relevant not only from an academic point of view, but also for stakeholders involved with land transactions. Land sellers such as state agencies or banks may use this information to design land auctions considering their respective objectives, e.g. revenue maximisation. Furthermore, land buyers could better decide whether to use search markets or land auctions for land acquisition and define the best bidding strategies.

本研究项目的目的是以前东德各州为例，探讨农业用地在不同细分市场的价格形成。我们的主要假设是，市场机制（拍卖与谈判）对实现的土地价格有重大影响。对市场机制作用的关注使我们的研究有别于传统的享乐地价研究，后者主要考虑个体地块特征和区域变量。在拍卖理论模型的基础上，我们利用东德的数据对市场机制的影响进行了实证检验，这为分析不同的细分市场提供了一个自然的实验。了解这些因素的影响不仅从学术角度来看是相关的，而且对参与土地交易的利益相关者也是相关的。土地卖主，如国家机构或银行，可以利用这些信息来设计土地拍卖，考虑到他们各自的目标，如收入最大化。此外，土地购买者可以更好地决定是使用搜索市场还是土地拍卖进行土地征用，并确定最佳的竞标策略。

项目成果

Is there a term structure in land lease rates

土地租赁费率是否有期限结构

• DOI: 10.1093/erae/jbv010
• 发表时间: 2016
• 期刊: European Review of Agricultural Economics
• 影响因子: 3.4
• 作者: Hüttel;Ritter;Esaulov;Odening
• 通讯作者: Odening

How do institutional market players matter in farmland pricing

机构市场参与者在农地定价中如何发挥作用

• DOI: 10.1016/j.landusepol.2016.08.021
• 发表时间: 2016
• 期刊: Land Use Policy
• 影响因子: 7.1
• 作者: Hüttel;Wildermann;Croonenbroeck
• 通讯作者: Croonenbroeck