PRICE FORMATION IN FARM LAND MARKETS

被引：18
|
作者：
KING, DA [1 ]
SINDEN, JA [1 ]
机构：
[1] UNIV NEW ENGLAND, ARMIDALE, NSW 2351, AUSTRALIA
来源：
LAND ECONOMICS | 1994年 / 70卷 / 01期
关键词：
D O I：
10.2307/3146439
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Four models of price formation, incorporating search and bargaining concepts, were specified for an Australian farm land market. The models were estimated using primary data obtained from land buyers. A sequential, four-equation model of buyer/seller behavior was selected as conceptually superior. Substantively, final prices were closer to buyers' bid prices than sellers' offer prices; buyers valued soil conservation and proximity to town more highly, and property productivity and size less highly, than the sellers; and market information had a positive influence on price. In this area, education may be preferable to subsidies for achieving soil conservation.
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页码：38 / 52
页数：15
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