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

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

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

Resource information

Date of publication
December 2006
Resource Language
ISBN / Resource ID
AGRIS:US2012211339

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.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Cotteleer, Geerte
Gardebroek, Cornelis

Data Provider
Geographical focus