Ciaian, Pavel; d'Artis Kancs; Michalek, Jerzy - LICOS Centre for Institutions and Economic Performance, … - 2011
This paper estimates the capitalization of the Single Payment Scheme (SPS) into land values. The theory suggests that the relationship between the SPS and land rents is non-linear and discontinuous, because the SPS impact on land values depends on many factors, such as policy implementation...