Price Dispersion in Farmland Markets: What Is the Role of Asymmetric Information?
This article investigates the role played by information, search, and bargaining cost in agricultural land markets to explain price dispersion. Based on a hedonic model under incomplete information, we build a two-tier stochastic frontier. By linking costs of being information deficient to agent cha...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
John Wiley and Sons Inc
2021
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |