Factors Influencing Kansas Agricultural Farm Land Values
研究了1986-2000年堪萨斯州104个县的农田销售数据，量化了买卖双方个人关系对土地价格的影响，发现相关方交易价格平均低43%，且这种折扣随时间每年增加2%。
<i>Land transactions typically involve a substantial investment of time and money for parties involved in the sale. Because of the size of the investment and infrequency of purchases/sales, significant personal interaction between buyer and seller often results. In this study, farmland sales in 104 of 105 Kansas counties from 1986–2000 were examined to quantify the influence of personal relationships and changes over time. Transactions between related parties resulted in a 43% discount on the per acre sales price. Results indicated that social capital effects have increased over time, with the discount on sales between related parties growing 2% per year.</i>