Bargaining and market power in a GIS-based hedonic pricing model of the agricultural land market

G. Cotteleer, C. Gardebroek

Research output: Contribution to conferenceAbstract

Abstract

Agricultural land markets differ greatly from the textbook-case of perfect competition. This is why standard hedonic pricing techniques should be revised before applying this technique to this market. The objective of this paper is to determine (a) the deviation from the competitive market price of agricultural land in the Netherlands due to market power and the existence of an excess surplus and (b) the effect of bargaining power on the division of excess surplus between the eventual seller and the buyer in the market for agricultural land
Original languageEnglish
Publication statusPublished - 2006
EventAAEA Annual Meeting 2006 -
Duration: 23 Jul 200626 Jul 2006

Conference

ConferenceAAEA Annual Meeting 2006
Period23/07/0626/07/06

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