Market Power in Agricultural Land Markets: Concepts and Empirical Challenges
Published: 24.09.2021
Authors: Alfons Balmann, Marten Graubner, Daniel Müller, Silke Hüttel, Stefan Seifert, Martin Odening, Jana Plogmann, Matthias Ritter
This paper provides review about challenges and opportunities to assess and quantify market power in agricultural land markets. Measuring land market power is challenging because the characteristics of this production factor hinder the direct application of familiar concepts from commodity markets. Immobility, fixed availability, and large heterogeneity of land and potential users contradict assumptions of…
