The Land Market Cycle

Villy Sogaard

European Review of Agricultural Economics, 1993, vol. 20, issue 1, 65-76

Abstract: The present paper provides a theoretical analysis of agricultural land markets. A recursive model is set out to explore the dynamic interplay between prices, price expectations and quantities. According to the model, a shock to the market will generate a cyclical pattern of prices and quantities. This pattern is termed the land market cycle. Empirical evidence confirms the existence of such cycles, each having a duration of 7-8 years. Copyright 1993 by Oxford University Press.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:erevae:v:20:y:1993:i:1:p:65-76

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

More articles in European Review of Agricultural Economics from Oxford University Press and the European Agricultural and Applied Economics Publications Foundation Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().