Grau, Aaron; Jasic, Svetlana; Ritter, Matthias; … - Agricultural Land Markets - Efficiency and Regulation - 2019
explaining agricultural land prices. We adopt a model proposed by Pflüger and Tabuchi (2010), which allows to consider land as a … production factor. We derive a short-run equilibrium that relates land rental prices to production intensity. The latter is … measured as labor intensity, i.e., the ratio of labor cost and land used for agricultural production and additionally by …