Ciaian, Pavel; Drabik, Dušan; Baldoni, Edoardo; Kancs, … - 2021
We review the recent theoretical and empirical literature on the capitalization of agricultural subsidies into land … prices. The theoretical literature predicts that agricultural subsidies are capitalized into land prices when land supply is … that agricultural subsidies are only partially capitalized into land prices, estimating that decoupled payments and land …