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The economics of BitCoin price formation
ABSTRACT This is the first article that studies BitCoin price formation by considering both the traditional determinants of currency price, e.g., market forces of supply and demand, and digitalExpand
Land Market Imperfections and Agricultural Policy Impacts in the New EU Member States: A Partial Equilibrium Analysis
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.Expand
CAP Subsidies and the Productivity of EU Farms
The paper investigates the impact of the Common Agricultural Policy (CAP) subsidies on farm total factor productivity (TFP) in the European Union (EU). We employ a structural semi-parametricExpand
The Capitalization of Area Payments into Farmland Rents: Micro Evidence from the New EU Member States
This study investigates the impact of the SAPS (Simplified Area Payment Scheme) on rental land values in seven New EU Member States (NMS). Using the FADN farm level panel data with 20,930Expand
Credit Market Imperfections and the Distribution of Policy Rents
This article shows that credit market imperfections have important implications for the distribution of policy rents. In a model with land as fixed factor and credit market imperfections, when anExpand
Sales Market Regulations for Agricultural Land in EU Member States and Candidate Countries
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 inExpand
Virtual Relationships: Short- and Long-run Evidence from BitCoin and Altcoin Markets
This study empirically examines interdependencies between BitCoin and altcoin markets in the short- and long-run. We apply time-series analytical mechanisms to daily data of 17 virtual currenciesExpand
EU Land Markets and the Common Agricultural Policy
Economic theory, as well as empirical findings, suggest that the way in which agricultural support is provided has an influence on land markets, because payments capitalise to some degree into landExpand
The Impact of the 2013 Reform of the Common Agricultural Policy on Land Capitalization in the European Union
Decoupled direct payments to farmers were introduced in the European Union (EU) in the form of the Single Payment Scheme (SPS) in 2005. The 2013 Common Agriculture Policy (CAP) reform changed bothExpand
The digital agenda of virtual currencies: Can BitCoin become a global currency?
It is suggested that as long as BitCoin price will be mainly driven by speculative investments, BitCoin will not be able to compete with standard currencies. Expand