Price Formation on Land Market Auctions in East Germany
– An Empirical Analysis
Published: 01.06.2013
Authors: Silke Hüttel, Martin Odening, Karin Kataria, Alfons Balmann
Although determinants of agricultural land prices have received considerable attention in the literature, little is known about price formation on structured markets such as land auctions. This paper aims to empirically test theoretical predictions regarding price formation in land market auctions. The analysis is conducted for the case of Saxony-Anhalt, Germany, where state-owned land constitutes…