{"id":"https://openalex.org/W2032928463","doi":"https://doi.org/10.2307/1243549","title":"Capital Market Segmentation and U.S. Farm Real Estate Pricing","display_name":"Capital Market Segmentation and U.S. Farm Real Estate Pricing","publication_year":1995,"publication_date":"1995-05-01","ids":{"openalex":"https://openalex.org/W2032928463","doi":"https://doi.org/10.2307/1243549","mag":"2032928463"},"language":"en","primary_location":{"id":"doi:10.2307/1243549","doi":"https://doi.org/10.2307/1243549","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1243549","pdf_url":null,"source":{"id":"https://openalex.org/S91754907","display_name":"American Journal of Agricultural Economics","issn_l":"0002-9092","issn":["0002-9092","1467-8276"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Journal of Agricultural Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067561960","display_name":"Amr N. Shiha","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210149506","display_name":"American Express (United States)","ror":"https://ror.org/05rckx884","country_code":"US","type":"company","lineage":["https://openalex.org/I4210149506"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Amr N. Shiha","raw_affiliation_strings":["American Express Corporation"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"American Express Corporation","institution_ids":["https://openalex.org/I4210149506"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5050311839","display_name":"Jean\u2010Paul Chavas","orcid":"https://orcid.org/0000-0003-1733-3277","observed_orcids":["https://orcid.org/0000-0003-1733-3277"]},"institutions":[{"id":"https://openalex.org/I135310074","display_name":"University of Wisconsin\u2013Madison","ror":"https://ror.org/01y2jtd41","country_code":"US","type":"education","lineage":["https://openalex.org/I135310074"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jean\u2010Paul Chavas","raw_affiliation_strings":["University of Wisconsin, Madison"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Wisconsin, Madison","institution_ids":["https://openalex.org/I135310074"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3750,"currency":"USD","value_usd":3750},"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.31640773,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"77","issue":"2","first_page":"397","last_page":"407"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.6894999742507935,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.6894999742507935,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11805","display_name":"Agricultural economics and policies","score":0.08470000326633453,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.048500001430511475,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-market-segmentation","display_name":"capital market segmentation","score":0.9779999852180481},{"id":"https://openalex.org/keywords/farmland-valuation","display_name":"agricultural land valuation","score":0.7149999737739563},{"id":"https://openalex.org/keywords/capital-asset-pricing-model","display_name":"capital asset pricing model","score":0.578000009059906},{"id":"https://openalex.org/keywords/arbitrage-pricing-theory","display_name":"arbitrage pricing theory","score":0.7419999837875366}],"concepts":[{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.6974108815193176},{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.690865695476532},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6078684329986572},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5642998814582825},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.518657386302948},{"id":"https://openalex.org/C112136304","wikidata":"https://www.wikidata.org/wiki/Q5035804","display_name":"Capitalization rate","level":4,"score":0.49469372630119324},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.4913305342197418},{"id":"https://openalex.org/C142450864","wikidata":"https://www.wikidata.org/wiki/Q629941","display_name":"Arbitrage pricing theory","level":3,"score":0.42457669973373413},{"id":"https://openalex.org/C167626555","wikidata":"https://www.wikidata.org/wiki/Q5164759","display_name":"Consumption-based capital asset pricing model","level":3,"score":0.4172942042350769},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3307168483734131},{"id":"https://openalex.org/C38815200","wikidata":"https://www.wikidata.org/wiki/Q697852","display_name":"Real estate investment trust","level":3,"score":0.3012845516204834},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.187514990568161},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.2307/1243549","doi":"https://doi.org/10.2307/1243549","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1243549","pdf_url":null,"source":{"id":"https://openalex.org/S91754907","display_name":"American Journal of Agricultural Economics","issn_l":"0002-9092","issn":["0002-9092","1467-8276"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Journal of Agricultural Economics","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.841.3855","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.841.3855","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://ajae.oxfordjournals.org/content/77/2/397.full.pdf","raw_type":"text"},{"id":"pmh:oai:RePEc:oup:ajagec:v:77:y:1995:i:2:p:397-407.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2307/1243549","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W6986438","https://openalex.org/W584056282","https://openalex.org/W1607636060","https://openalex.org/W1970438977","https://openalex.org/W2003092768","https://openalex.org/W2005344942","https://openalex.org/W2007231976","https://openalex.org/W2007568862","https://openalex.org/W2013410489","https://openalex.org/W2016020822","https://openalex.org/W2046809264","https://openalex.org/W2066739461","https://openalex.org/W2080422257","https://openalex.org/W2081967663","https://openalex.org/W2087916071","https://openalex.org/W2114755356","https://openalex.org/W2114904621","https://openalex.org/W2125229750","https://openalex.org/W2167083497"],"related_works":["https://openalex.org/W2315644256","https://openalex.org/W85885073","https://openalex.org/W2124301559","https://openalex.org/W2060392969","https://openalex.org/W2003599500","https://openalex.org/W3122293194","https://openalex.org/W2034714132","https://openalex.org/W4251614788","https://openalex.org/W3005446053","https://openalex.org/W1537465475"],"abstract_inverted_index":{"Abstract":[0],"In":[1],"this":[2],"paper":[3],"we":[4],"present":[5],"and":[6],"test":[7],"a":[8,38],"segmented":[9],"capital":[10,28],"market":[11],"equilibrium.":[12],"We":[13],"extend":[14],"the":[15,23,44],"traditional":[16,45],"CAPM":[17],"by":[18],"explicitly":[19],"considering":[20],"barriers":[21],"to":[22,42,50],"flow":[24],"of":[25],"external":[26],"equity":[27,52],"into":[29],"farm":[30],"real":[31],"estate":[32],"markets.":[33,56],"The":[34],"empirical":[35],"results":[36],"provide":[37],"plausible":[39],"explanation":[40],"as":[41],"why":[43],"arbitrage\u2010based":[46],"pricing":[47,53],"models":[48],"fail":[49],"explain":[51],"in":[54],"farmland":[55]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
