A spatial-dynamic approach to land rental markets

该项目旨在调查土地租赁市场的定价和竞争，重点是当地市场力量。土地对农业生产的重要性，它与农业政策的相关性，以及公众对土地价格的日益关注，使我们有必要了解这个市场的价格形成机制。由于土地的特殊性，我们提出了一种空间不完全竞争方法，这可能会产生与之前的工作（基于经典价格理论）相关的新的、潜在矛盾的结果。我们的目标是纳入土地市场的不同特征，如动态竞争和规模经济，这些迄今尚未研究过（特别是没有一起研究过）。由于空间竞争的相应理论模型在分析上难以处理，我们将用计算经济学的方法来补充演绎分析。我们计划调查市场结构（例如，通过农场的本地竞争）和价格机制（例如，不同类型的拍卖与搜索市场）对土地价格和利润分配的影响。我们相信，我们的研究结果将有助于更好地理解土地价格的形成及其动态。

This project seeks to investigate pricing and competition on land rental markets, with an emphasis on local market power. The importance of land for agricultural production, its relevance for agricultural policy, as well as increased public attention with respect to land prices necessitates our understanding of price formation mechanisms on this market. Due to the specific characteristics of land, we propose a spatial-imperfect competition approach, which may yield new, potentially contradictory results relative to prior work (based on classical price theory). We aim to incorporate different features of the land market as dynamic competition and economies of size, which thus far have not been studied (and which particularly have not been studied together). Because a corresponding theoretical model of spatial competition is analytically intractable, we will complement deductive analysis with approaches from computational economics. We plan to investigate the effects of market structure (e.g., via local competition by farms) and price mechanisms (e.g., different types of auctions versus search markets) on land prices and the distribution of profits. We believe that our results will contribute to a better understanding of the formation of land prices and their dynamics.