https://hdl.handle.net/10419/126 Sat, 24 Oct 2026 13:47:16 GMT 2026-10-24T13:47:16Z https://hdl.handle.net/10419/290396 Title: Rental and sale prices of agricultural lands under spatial competition Authors: Graubner, Marten; Hüttel, Silke Abstract: Much of the land economics literature has largely ignored the spatial nature of competition and related differences between farmland rental and sales markets. In this note we propose a model for price formation in both markets under a spatial competition framework. We demonstrate that price formation differs, particularly under policy-induced output price shocks. We suggest that using rent-price ratio as an approximation for expectations in the net returns of farming, based on the net present value model, may produce biased results. We conclude that estimates for the capitalization of agricultural, environmental and energy policy into farmland prices can be biased. Mon, 01 Jan 2024 00:00:00 GMT https://hdl.handle.net/10419/290396 2024-01-01T00:00:00Z https://hdl.handle.net/10419/304301 Title: The effect of land fragmentation on risk and technical efficiency of crop farms Authors: Eder, Andreas Abstract: Using a 2007-2014 panel of Austrian crop farms, we analyze the effect of multiple dimensions of land fragmentation on farms' production efficiency and risk performance. We use Data Envelopment Analysis (DEA), a non-parametric linear programming approach, to estimate efficiencies. Technical efficiency is decomposed into i) scale efficiency, ii) pure technical efficiency, and iii) input-mix efficiency. Risk efficiency, a concept borrowed from modern portfolio theory, measures the performance of a farm relative to a mean-variance frontier. A second-stage DEA analysis reveals that farms with fewer plots and a shorter average farmstead to plot distance tend to be more technically efficient. Larger plots allow for better exploitation of returns to scale. The scattering of plots has no statistically significant effect on technical efficiency but provides benefits in terms of higher risk efficiency. Land consolidation projects should carefully weigh the costs and benefits associated with different dimensions of land fragmentation. Mon, 01 Jan 2024 00:00:00 GMT https://hdl.handle.net/10419/304301 2024-01-01T00:00:00Z https://hdl.handle.net/10419/304300 Title: Towards a comprehensive analysis of agricultural land systems: What can we see with publicly available datasets in the EU and US? Authors: Burchfield, Emily; Ferro, Marco; Hüttel, Silke; Lakes, Tobia Maike; Leonhardt, Heidi; Niedermayr, Andreas; Rissing, Andrea; Seifert, Stefan; Wesemeyer, Maximilian Abstract: Understanding agricultural land systems is paramount to preparing for future transitions under climate change. A first step in moving towards a systematic, multi-context comparison of agricultural land systems is an assessment of data availability and commensurability. We compare publicly available and publicly curated data describing agricultural land systems-those devoted to the production of food, fuel, and fiber-to map analytical potential for comparative research in the United States (US) and European Union (EU). We discuss how political priorities shape what we can(not) see in each region and articulate future data needs to support cross-context understanding of agricultural land systems dynamics. This comprehensive understanding of how and why agricultural land systems change is imperative to promoting sustainable, resilient, and just agriculture futures. Mon, 01 Jan 2024 00:00:00 GMT https://hdl.handle.net/10419/304300 2024-01-01T00:00:00Z https://hdl.handle.net/10419/301873 Title: The fate of the passbook: Why it vanished in the US but survived in Germany during the stagflation period (1966-1983) Authors: Knake, Sebastian Abstract: In his article, Sebastian Knake challenges the general assumption that traditional savings accounts in the US disappeared naturally as a result of the combination of interest rate regulation and extraordinarily high market interest rates during the stagflation period. By comparing the US experience with simultaneous developments in West Germany, he finds that the opportunity costs of owning a regular passbook were comparable in both countries. In contrast to the US case, however, the passbook remained a cornerstone of household saving in Germany. Drawing upon research in several bank archives in the US and Germany, Knake explains these divergent developments in terms of fundamental differences in how banks and their customers communicated over prices. In the US, a peculiar combination of regulative rules forced banks, and especially savings institutions, to aggressively promote new types of bank accounts that were introduced by federal regulation authorities, thereby increasing nominal interest rate expectations. In Germany, by contrast, banks confined information about advantageous investment opportunities to the smallest possible share of the customer base. These divergent communication strategies reflect a difference in the balance of power in the bank-customer relationship. German customers depended on their primary-and in most cases only-bank relationship to acquire information on alternative investments, while US customers could draw on several relationships with banks and savings institutions to obtain the relevant information. Thus, the fate of the passbook was sealed by the ability or inability of banks to keep their customers in the dark about the real opportunity costs of passbook saving. Mon, 01 Jan 2024 00:00:00 GMT https://hdl.handle.net/10419/301873 2024-01-01T00:00:00Z