Agroholdings and land rental markets: a spatial competition perspective
从空间竞争理论出发，研究大型农业控股公司在地方土地市场中是否具有市场势力，基于乌克兰农场数据发现，控股公司附属农场比独立农场拥有更多土地并支付更高租金，可能成为价格领导者。
Abstract With the emergence of large, horizontally integrated farm enterprises especially in Eastern European countries, the question arises whether these agroholdings exercise market power in (local) land markets. Using a theoretical framework of spatial competition that accounts for the presence of multi-farm agroholdings, we derive equilibrium prices under alternative spatial competition settings. Based on the investigation of Ukrainian farms, we provide theoretical explanations and empirical support for farms affiliated with an agroholding possessing (ceteris paribus) more land and setting higher land rental prices compared to independent farms. The results indicate that agroholdings may act as price leaders in local land markets.