In the light of the unconventional monetary policies conducted by the majority of large central banks around the world, there is an intense debate about their potential impact on the prices of capital assets. Particularly in Germany, skepticism about the sustainability of the recent policy by...

Preface: from Narmada to Rajpura -- Introduction -- Genesis of the land broker state -- Rajpura -- Dispossession -- Differentiation by speculation -- Peasants in a knowledge economy -- On the margins of a world city -- Reprise: dispossession without development -- Politics after dispossession --...

This paper empirically examines the emergence and functioning of land markets and their impacts on deforestation in Sumatra, Indonesia. While the evolution of land markets is expected to promote deforestation activities by rural households, we find no sizeable impact, due to two major reasons....

This paper empirically examines the emergence and functioning of land markets and their impacts on deforestation in Sumatra, Indonesia. While the evolution of land markets is ex-pected to promote deforestation activities by rural households, we find no sizeable impact, due to two major reasons....

The surge in the German house prices starting in 2010 raised fears about the emergence of a speculative bubble. Given a local nature of housing markets, it is not clear to what extent the bubble, if any, is spread across different cities. In this paper, we test for speculative house price...

"This history of Texas land grants reveals details of one of the largest state land distributions in American history. Induced by titles and estates, Spanish adventurers established themselves in the frontier, followed by traders and artisans. Mexico launched a land grant program through...

In modern macroeconomic models it is difficult to obtain explosive price bubbles on assets with positive net supply. This paper shows that it is possible to obtain explosive bubbles in certain situations when assets such as land are used as collateral and lenders are willing to lend freely...

We develop a simple model of a speculative housing market in which the demand for houses is influenced by expectations about future housing prices. Guided by empirical evidence, agents rely on extrapolative and regressive forecasting rules to form their expectations. The relative importance of...

We develop a simple model of a speculative housing market in which the demand for houses is influenced by expectations about future housing prices. Guided by empirical evidence, agents rely on extrapolative and regressive forecasting rules to form their expectations. The relative importance of...

An unprecedented land grab is taking place around the world. Fearing future food shortages or eager to profit from them, the world`s wealthiest and most acquisitive countries, corporations, and individuals have been buying and leasing vast tracts of land around the world. The scale is...

Der Journalist und Experte für Fragen der Welternährung propagierte schon in seinem Buch über die Ursachen der Welternährungskrise (vgl. W. Bommert: "Kein Brot für die Welt", BA 12/09) eine notwendige Kehrtwende in der Agrarpolitik, um den Hunger zu beseitigen. Auch im Kampf internationaler...

Es ist der größte Landraub der Geschichte: Seit der Krise 2008 bringen weltweit Regierungen, Konzerne und »Finanzinvestoren« fruchtbares Ackerland in ihren Besitz, vor allem in Afrika. Dort ist Land billig, es locken fantastische Gewinne. Ob als Produktionsort für Export-Gemüse und...

In modern macroeconomic models it is difficult to obtain explosive price bubbles on assets with positive net supply. This paper shows that it is possible to obtain explosive bubbles in certain situations when assets such as land are used as collateral and lenders are willing to lend freely...