New insights on regional differences of the farmland price structure: An extended replication study on the parcel size–price relationship

Henning Schaak, Luise Meissner and Oliver Musshoff

Applied Economic Perspectives and Policy, 2023, vol. 45, issue 3, 1427-1449

Abstract: This study adds insights about the nonlinear effect of parcel sizes on farmland prices. Therefore, replications of Ritter et al. (2020, Land Use Policy, DOI: j.landusepol.2020.104771) are performed in four ways. The study contributes to the literature within two dimensions: (i) the geographical scope, which allows insights into regional differences in the price structure for farmland and (ii) the role of assumptions regarding the functional form for the size–price relationship. The results of the extended replication show that the size–price relationship differs between federal states. Further, the results highlight the importance of assumptions imposed on functional forms of nonlinear relationships in hedonic regression studies.

Date: 2023
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https://doi.org/10.1002/aepp.13366

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Persistent link: https://EconPapers.repec.org/RePEc:wly:apecpp:v:45:y:2023:i:3:p:1427-1449

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