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Johan F M Swinnen - One of the best experts on this subject based on the ideXlab platform.
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Land Market regulations in europe
Research Papers in Economics, 2014Co-Authors: Johan F M Swinnen, Kristine Van Herck, Liesbet VrankenAbstract:Land regulations have a major impact on economic development, especially in agrarian societies, and they continue to affect the efficiency of the rural economy when economies further develop. This paper aims to give an overview of the regulations that are present in the Land Market in the EU member states and builds a Land regulatory index to quantify the extent of regulations of agricultural Land sales and rental Markets.
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sales Market regulations for agricultural Land in eu member states and candidate countries
2012Co-Authors: Pavel Ciaian, Johan F M Swinnen, Dartis Kancs, Kristine Van Herck, Liesbet VrankenAbstract:All agricultural Markets are subjected to institutional regulations that – in one way or another –affect the functioning of these Markets, and this is no different for the agricultural Land Market in the EU. In this paper, we describe the existing regulations in the sales Markets for agricultural Land in selected EU member states and candidate countries. The analysis focuses on three types of sales Market regulations and institutions: quantity regulations, price regulations and transaction costs. The differences in the regulatory framework between Land acquisition and ownership by domestic and foreign investors are analysed, as well as the taxes associated with Land sales and ownership, zoning regulations and Market imperfections.
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institutional factors affecting agricultural Land Markets
2012Co-Authors: Pavel Ciaian, Johan F M Swinnen, Dartis Kancs, Kristine Van Herck, Liesbet VrankenAbstract:This paper analyses the main institutional factors affecting the rental and sales Markets for agricultural Land. Particular attention is paid to the effects of the common agricultural policy on Land Markets, and more specifically the underlying mechanism through which agricultural subsidies are capitalised into Land values and farmLand rents. This paper also provides a broad overview of the empirical studies that estimate the impact of agricultural support policies on Land rents and Land prices. Various other fundamental factors that affect agricultural Land Markets are discussed, such as Land Market institutions and regulations, transaction costs, credit Market constraints and levels of profitability, the legal means of contract enforcement and Land use alternatives.
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credit Market imperfections and the distribution of policy rents the common agricultural policy in the new eu member states
107th Seminar January 30-February 1 2008 Sevilla Spain, 2007Co-Authors: Pavel Ciaian, Johan F M SwinnenAbstract:This article analyses how credit Market imperfections affect the impacts of subsidies by analyzing the effects of agricultural subsidies in the new Eastern Member States of the European Union with a partial equilibrium model which integrates credit and Land Market imperfections. We show that credit constraints have important implications for the distribution of policy rents. Credit Market imperfections may induce very different effects of direct payments and lump-sum transfers.
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Land Market imperfections and agricultural policy impacts in the new eu member states a partial equilibrium analysis
American Journal of Agricultural Economics, 2006Co-Authors: Pavel Ciaian, Johan F M SwinnenAbstract:This article analyses how transaction costs and imperfect competition in the Land Market affect the welfare effects of agricultural subsidies in the new Eastern Member States of the European Union. Benefits of Land subsidies end up with Landowners in new Eastern Member States also with imperfections in the new Eastern Member States Land Markets. With unequal access to subsidies, small tenant farmers may even lose out from the subsidies. Decoupling of payments shifts policy rents to farmers, but constrains productivity-enhancing restructuring. Using reserve entitlements to mitigate this effect reduces the intended benefits on distortions and target efficiency.
Pavel Ciaian - One of the best experts on this subject based on the ideXlab platform.
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sales Market regulations for agricultural Land in eu member states and candidate countries
2012Co-Authors: Pavel Ciaian, Johan F M Swinnen, Dartis Kancs, Kristine Van Herck, Liesbet VrankenAbstract:All agricultural Markets are subjected to institutional regulations that – in one way or another –affect the functioning of these Markets, and this is no different for the agricultural Land Market in the EU. In this paper, we describe the existing regulations in the sales Markets for agricultural Land in selected EU member states and candidate countries. The analysis focuses on three types of sales Market regulations and institutions: quantity regulations, price regulations and transaction costs. The differences in the regulatory framework between Land acquisition and ownership by domestic and foreign investors are analysed, as well as the taxes associated with Land sales and ownership, zoning regulations and Market imperfections.
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rental Market regulations for agricultural Land in eu member states and candidate countries factor Markets working paper no 15 february 2012
2012Co-Authors: Pavel Ciaian, Dartis Kancs, Kristine Van Herck, Jo Swinnen, Liesbet VrankenAbstract:All agricultural Markets are subjected to institutional regulations that – in one way or another –affect the functioning of these Markets, and this is no different for the agricultural Land Market in the EU. In this paper, we describe the existing regulations in the sales Markets for agricultural Land in selected EU member states and candidate countries. The analysis focuses on three types of sales Market regulations and institutions: quantity regulations, price regulations and transaction costs. The differences in the regulatory framework between Land acquisition and ownership by domestic and foreign investors are analysed, as well as the taxes associated with Land sales and ownership, zoning regulations and Market imperfections.
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institutional factors affecting agricultural Land Markets
2012Co-Authors: Pavel Ciaian, Johan F M Swinnen, Dartis Kancs, Kristine Van Herck, Liesbet VrankenAbstract:This paper analyses the main institutional factors affecting the rental and sales Markets for agricultural Land. Particular attention is paid to the effects of the common agricultural policy on Land Markets, and more specifically the underlying mechanism through which agricultural subsidies are capitalised into Land values and farmLand rents. This paper also provides a broad overview of the empirical studies that estimate the impact of agricultural support policies on Land rents and Land prices. Various other fundamental factors that affect agricultural Land Markets are discussed, such as Land Market institutions and regulations, transaction costs, credit Market constraints and levels of profitability, the legal means of contract enforcement and Land use alternatives.
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credit Market imperfections and the distribution of policy rents the common agricultural policy in the new eu member states
107th Seminar January 30-February 1 2008 Sevilla Spain, 2007Co-Authors: Pavel Ciaian, Johan F M SwinnenAbstract:This article analyses how credit Market imperfections affect the impacts of subsidies by analyzing the effects of agricultural subsidies in the new Eastern Member States of the European Union with a partial equilibrium model which integrates credit and Land Market imperfections. We show that credit constraints have important implications for the distribution of policy rents. Credit Market imperfections may induce very different effects of direct payments and lump-sum transfers.
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Land Market imperfections and agricultural policy impacts in the new eu member states a partial equilibrium analysis
American Journal of Agricultural Economics, 2006Co-Authors: Pavel Ciaian, Johan F M SwinnenAbstract:This article analyses how transaction costs and imperfect competition in the Land Market affect the welfare effects of agricultural subsidies in the new Eastern Member States of the European Union. Benefits of Land subsidies end up with Landowners in new Eastern Member States also with imperfections in the new Eastern Member States Land Markets. With unequal access to subsidies, small tenant farmers may even lose out from the subsidies. Decoupling of payments shifts policy rents to farmers, but constrains productivity-enhancing restructuring. Using reserve entitlements to mitigate this effect reduces the intended benefits on distortions and target efficiency.
Guy M Robinson - One of the best experts on this subject based on the ideXlab platform.
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the return of state control and its impact on Land Market efficiency in urban china
Land Use Policy, 2020Co-Authors: Helen X H Bao, Guy M RobinsonAbstract:Abstract Urban Land reform in China aims to build an efficient Land Market. However, it has led to a dual Land supply system that consists of both Market-based leasing and administrative allocation. In recent years, the control by local municipal government over Land supply has strengthened substantially. This has caused concerns over whether the Land reforms can achieve efficiency goals given the constraints imposed on Market instruments. This paper addresses this important question by studying whether Market instruments introduced by urban Land reforms improved the efficiency of Land supply and new housing supply after state control was tightened from 2002. We propose a theoretical framework that incorporates the interactions between Land and housing supply and facilitates analysis at both the macro and the micro levels. We find that the return of state control has caused a general decline of the Marketization level in China’s first tier cities. The Land Marketization level in new first tier and second tier cities has improved significantly over the last decade, but the trend has already slowed down. The overall trajectory of Land Marketization in China is a clear downward trend since 2002. Meanwhile, we have found consistent evidence that higher levels of Land Marketization lead to more efficient Land and housing supply. As a result, the cost of increased state control has offset the benefits of Market-oriented supply methods, and the overall effect is a decline in Land Market efficiency. These findings have important implications in understanding the role of government interventions in supporting Market-based activities in China’s Land and housing Markets.
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the return of state control and its impact on Land Market efficiency
Social Science Research Network, 2020Co-Authors: Helen X H Bao, Guy M RobinsonAbstract:Urban Land reform in China aims to build an efficient Land Market. However, it has led to a dual Land supply system that consists of both Market-based leasing and administrative allocation. In recent years, the control by local municipal government over Land supply has strengthened substantially. This has caused concerns over whether the Land reforms can achieve efficiency goals given the constraints imposed on Market instruments. This paper addresses this important question by studying whether Market instruments introduced by urban Land reforms improved the efficiency of Land supply and new housing supply after state control was tightened from 2002. We propose a theoretical framework that incorporates the interactions between Land and housing supply and facilitates analysis at both the macro and the micro levels. We find that the return of state control has caused a general decline of the Marketization level in China’s first tier cities. The Land Marketization level in new first tier and second tier cities has improved significantly over the last decade, but the trend has already slowed down. The overall trajectory of Land Marketization in China is a clear downward trend since 2002. Meanwhile, we have found consistent evidence that higher levels of Land Marketization lead to more efficient Land and housing supply. As a result, the cost of increased state control has offset the benefits of Market-oriented supply methods, and the overall effect is a decline in Land Market efficiency. These findings have important implications in understanding the role of government interventions in supporting Market-based activities in China’s Land and housing Markets.
Tatiana Filatova - One of the best experts on this subject based on the ideXlab platform.
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Empirical agent-based Land Market: Integrating adaptive economic behavior in urban Land-use models
Computers Environment and Urban Systems, 2015Co-Authors: Tatiana FilatovaAbstract:This paper introduces an economic agent-based model of an urban housing Market. The RHEA (Risks and Hedonics in Empirical Agent-based Land Market) model captures natural hazard risks and environmental amenities through hedonic analysis, facilitating empirical agent-based Land Market modeling. RHEA is well grounded in economic theory and uses rich spatial data and econometric analysis. It moves beyond the existing work by explicitly simulating the emergence of property prices and their spatial distribution under adaptive price expectations of heterogeneous agents, advancing toward empirical modeling of agent-based Land Markets. At the same time RHEA operates in a realistic GIS Landscape where realtor and households agents form ask and bid prices using empirical hedonic price functions. The simulation results demonstrate that this combination of theoretically sound micro-foundations in agents' behavior and empirical data is feasible. This opens opportunities to explore various methodological and policy-relevant research questions including exploration of abrupt non-marginal changes in Markets and regime shifts in coupled socio-environmental systems.
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effects of agent heterogeneity in the presence of a Land Market a systematic test in an agent based laboratory
Computers Environment and Urban Systems, 2013Co-Authors: Qingxu Huang, Shipeng Sun, Dawn C Parker, Tatiana FilatovaAbstract:Representing agent heterogeneity is one of the main reasons that agent-based models become increasingly popular in simulating the emergence of Land-use, Land-cover change and socioeconomic phenomena. However, the relationship between heterogeneous economic agents and the resultant Landscape patterns and socioeconomic dynamics has not been systematically explored. In this paper, we present a stylized agent-based Land Market model, Land Use in eXurban Environments (LUXE), to study the effects of multidimensional agents’ heterogeneity on the spatial and socioeconomic patterns of urban Land use change under various Market representations. We examined two sources of agent heterogeneity: budget heterogeneity, which imposes constraints on the affordability of Land, and preference heterogeneity, which determines location choice. The effects of the two dimensions of agents’ heterogeneity are systematically explored across different Market representations by three experiments. Agents’ heterogeneity exhibits a complex interplay with various forms of Market institutions as indicated by macro-measures (Landscape metrics, segregation index, and socioeconomic metrics). In general, budget heterogeneity has pronounced effect on socioeconomic results, while preference heterogeneity is highly pertinent to spatial outcomes. The relationship between agent heterogeneity and macro-measures becomes more complex when more Land Market mechanisms are represented. In other words, appropriately simulating agent heterogeneity plays an important role in guaranteeing the fidelity of replicating empirical Land use change process
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the implications of alternative developer decision making strategies on Land use and Land cover in an agent based Land Market model
6th International Congress on Environmental Modelling and Software 2012: Managing Resources of a Limited Planet: Pathways and Visions under Uncertaint, 2012Co-Authors: Dawn C Parker, Tatiana Filatova, Shipeng Sun, Nicholas R Magliocca, Qingxu Huang, Daniel G Brown, Rick RioloAbstract:Land developers play a key role in Land-use and Land cover change, as they directly make Land development decisions and bridge the Land and housing Markets. Developers choose and purchase Land from rural Land owners, develop and subdivide Land into parcel lots, build structures on lots, and sell houses to residential households. Developers determine the initial Landscaping states of developed parcels, affecting the state and future trajectories of residential Land cover, as well as Land Market activity. Despite their importance, developers are underrepresented in Land use change models due to paucity of data and knowledge regarding their decision-making. Drawing on economic theories and empirical literature, we have developed a generalized model of Land development decision-making within a broader agent-based model of Land-use change via Land Markets. Developer’s strategies combine their specialty in developing of particular subdivision types, their perception of and attitude towards Market uncertainty, and their learning and adaptation strategies based on the dynamics of the simulated Land and housing Markets. We present a new agent-based Land Market model that includes these elements. The model will be used to experiment with these different development decision-making methods and compare their impacts on model outputs, particularly on the quantity and spatial pattern of resultant Land use changes. Coupling between the Land Market and a carbon sequestration model, developed for the larger SLUCE2 project, will allow us, in future work, to examine how different developer’s strategies will affect the carbon balance in residential Landscapes
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do Land Markets matter a modeling ontology and experimental design to test the effects of Land Markets for an agent based model of ex urban residential Land use change
Agent-based Models of Geographical Systems, 2012Co-Authors: Dawn C Parker, Tatiana Filatova, Daniel G Brown, Rick Riolo, Derek T Robinson, Shipeng SunAbstract:Urban sprawl is shaped by various geographical, ecological and social factors under the influence of Land Market forces. When modeling this process, geographers and economists tend to prioritize factors most relevant to their own domain. Still, there are very few structured systematic comparisons exploring how the extent of process representation affects the models’ ability to generate extent and pattern of change. This chapter aims to explore the question of how the degree of representation of Land Market processes affects simulated spatial outcomes. We identify four distinct elements of Land Markets: resource constraints, competitive bidding, strategic behavior, and endogenous supply decisions. Many Land-use-change models include one or more of these elements; thus, the progression that we designed should facilitate analysis of our results in relation to a broad range of existing Land-use-change models, from purely geographic to purely economic and from reduced form to highly structural models. The description of the new agent-based model, in which each of the four levels of Market representation can be gradually activated, is presented. The behavior of suppliers and acquirers of Land, and the agents’ interactions at Land exchange are discussed in the presence of each of the four Land-Market mechanisms.
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the implications of skewed risk perception for a dutch coastal Land Market insights from an agent based computational economics model
Agricultural and Resource Economics Review, 2011Co-Authors: Tatiana Filatova, Dawn C Parker, Anne Van Der VeenAbstract:Dutch coastal Land Markets are characterized by high amenity values but are threatened by potential coastal hazards, leading to high potential damage costs from flooding. Yet, Dutch residents generally perceive low or no flood risk. Using an agent-based Land Market model and Dutch survey data on risk perceptions and location preferences, this paper explores the patterns of Land development and Land rents produced by buyers with low, highly skewed risk perceptions. We find that, compared to representative agent and uniform risk perception models, the skewed risk perception distribution produces substantially more, high-valued development in risky coastal zones, potentially creating economically significant risks triggered by the current Dutch flood protection policy.
Helen X H Bao - One of the best experts on this subject based on the ideXlab platform.
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the return of state control and its impact on Land Market efficiency in urban china
Land Use Policy, 2020Co-Authors: Helen X H Bao, Guy M RobinsonAbstract:Abstract Urban Land reform in China aims to build an efficient Land Market. However, it has led to a dual Land supply system that consists of both Market-based leasing and administrative allocation. In recent years, the control by local municipal government over Land supply has strengthened substantially. This has caused concerns over whether the Land reforms can achieve efficiency goals given the constraints imposed on Market instruments. This paper addresses this important question by studying whether Market instruments introduced by urban Land reforms improved the efficiency of Land supply and new housing supply after state control was tightened from 2002. We propose a theoretical framework that incorporates the interactions between Land and housing supply and facilitates analysis at both the macro and the micro levels. We find that the return of state control has caused a general decline of the Marketization level in China’s first tier cities. The Land Marketization level in new first tier and second tier cities has improved significantly over the last decade, but the trend has already slowed down. The overall trajectory of Land Marketization in China is a clear downward trend since 2002. Meanwhile, we have found consistent evidence that higher levels of Land Marketization lead to more efficient Land and housing supply. As a result, the cost of increased state control has offset the benefits of Market-oriented supply methods, and the overall effect is a decline in Land Market efficiency. These findings have important implications in understanding the role of government interventions in supporting Market-based activities in China’s Land and housing Markets.
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the return of state control and its impact on Land Market efficiency
Social Science Research Network, 2020Co-Authors: Helen X H Bao, Guy M RobinsonAbstract:Urban Land reform in China aims to build an efficient Land Market. However, it has led to a dual Land supply system that consists of both Market-based leasing and administrative allocation. In recent years, the control by local municipal government over Land supply has strengthened substantially. This has caused concerns over whether the Land reforms can achieve efficiency goals given the constraints imposed on Market instruments. This paper addresses this important question by studying whether Market instruments introduced by urban Land reforms improved the efficiency of Land supply and new housing supply after state control was tightened from 2002. We propose a theoretical framework that incorporates the interactions between Land and housing supply and facilitates analysis at both the macro and the micro levels. We find that the return of state control has caused a general decline of the Marketization level in China’s first tier cities. The Land Marketization level in new first tier and second tier cities has improved significantly over the last decade, but the trend has already slowed down. The overall trajectory of Land Marketization in China is a clear downward trend since 2002. Meanwhile, we have found consistent evidence that higher levels of Land Marketization lead to more efficient Land and housing supply. As a result, the cost of increased state control has offset the benefits of Market-oriented supply methods, and the overall effect is a decline in Land Market efficiency. These findings have important implications in understanding the role of government interventions in supporting Market-based activities in China’s Land and housing Markets.
