Title: Land Markets in Europe: Institutions and Market Outcomes
Publisher: Routledge
Publication Year: 2017
JRC N°: JRC108034
ISBN: 978-1-138-65212-5
URI: https://www.routledge.com/Public-Policy-in-Agriculture-Impact-on-Labor-Supply-and-Household-Income/Mishra-Viaggi-Paloma/p/book/9781138652125
Type: Articles in periodicals and books
Abstract: In this chapter, we review land market institutions in the European Union (EU) and their potential impact on land markets. We first review land tenure-/ownership regulations and find that they vary heavily across EU Member States. Four types of tenure-/ownership measures are implemented in the EU: to protect the tenant, to protect the owner, to protect the (non-farm) land owner, and to prevent land fragmentation. We then examine EU land-related environmental regulations whose general objective is to address land market failures linked to externalities and the provision of public goods. Despite possibly reducing private benefits of land owners or users, environmental regulations may generate welfare gains to society by improving the environmental services on land. Finally, we investigate how area-based subsidies affect land prices. These subsidies are empirically found to be partially capitalized into land values, albeit at a lower rate than suggested by theory.
JRC Directorate:Sustainable Resources

Files in This Item:
There are no files associated with this item.

Items in repository are protected by copyright, with all rights reserved, unless otherwise indicated.