Based on a theoretical formulation of land price formation as an economic rent to a fixed input, a single equation econometric model is specified and estimated to explain land prices in five Iowa crop reporting districts. It identifies the influence of farm prices, inflationary pressures, and land quality on the price of land.
Autores y editores
Author(s), editor(s), contributor(s):
Chavas, Jean-Paul
Shumway, C. Richard
Proveedor de datos
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