@article{Huttel:129063,
      recid = {129063},
      author = {Huttel, Silke and Jetzinger, Simon and Odening, Martin},
      title = {Forced Sales and  Farmland Prices},
      address = {2012-05},
      number = {896-2016-65389},
      series = {SiAg-Working Paper},
      pages = {25},
      year = {2012},
      abstract = {In this paper we analyse agricultural land prices in the  German Federal State of Brandenburg within the period  2000-2011. Our objective is to understand the price  formation process in foreclosures. One effect of  foreclosures relates to pressured sales, which likely lead  to a price discount, and another effect relates to public  auctions leading to a price premium. The overall effect is  derived using direct covariate matching. Our results show  that on average, price premia rather than price discounts  are realized in forced sales of farmland. The price  differential, however, is not constant and depends on  prevailing land market conditions.},
      url = {http://ageconsearch.umn.edu/record/129063},
      doi = {https://doi.org/10.22004/ag.econ.129063},
}