Table C.1.

Propensity score reweighting yields improvements in balance

 MeanDifference of means
Variable2008-092017-18Reweighted2008-09 vs. 2017-18Reweighted vs. 2017-18
Soil quality index32.6732.8332.580.160.25
Log of plot size0.600.650.630.050.01
Seller: BVVG0.280.140.15-0.14***-0.01*
Seller: professional0.010.020.020.01***0.00
Buyer: farmer0.140.250.270.11***-0.02
Buyer: tenant0.040.120.110.07***0.00
Utilized agricultural area55.8855.1054.62-0.780.48
BVVG transaction share0.240.140.15-0.11***-0.02***
Long-run precipitation56.4856.7856.880.30***-0.10
Months of drought10.8214.8013.133.98***1.67***
Car travel time to Berlin77.4978.3585.280.86-6.94***
Installed biogas capacity0.040.080.070.04***0.01***
 MeanDifference of means
Variable2008-092017-18Reweighted2008-09 vs. 2017-18Reweighted vs. 2017-18
Soil quality index32.6732.8332.580.160.25
Log of plot size0.600.650.630.050.01
Seller: BVVG0.280.140.15-0.14***-0.01*
Seller: professional0.010.020.020.01***0.00
Buyer: farmer0.140.250.270.11***-0.02
Buyer: tenant0.040.120.110.07***0.00
Utilized agricultural area55.8855.1054.62-0.780.48
BVVG transaction share0.240.140.15-0.11***-0.02***
Long-run precipitation56.4856.7856.880.30***-0.10
Months of drought10.8214.8013.133.98***1.67***
Car travel time to Berlin77.4978.3585.280.86-6.94***
Installed biogas capacity0.040.080.070.04***0.01***

Comparison of average values of explanatory variables between observations from 2008-09 and 2017-18, and between reweighted observations from 2008-09 and observations from 2017-18. Two-sample t-tests allowing unequal variances were conducted for the differences in means, with hypotheses |$H_0: \mu_{2017-18}-\mu_{2008-09} = 0$| and |$H_0: \mu_{2017-18}-\mu_{reweighted} = 0$|⁠. Statistical significance levels: * p < 0.1, ** p < 0.05, *** p < 0.01.

Table C.1.

Propensity score reweighting yields improvements in balance

 MeanDifference of means
Variable2008-092017-18Reweighted2008-09 vs. 2017-18Reweighted vs. 2017-18
Soil quality index32.6732.8332.580.160.25
Log of plot size0.600.650.630.050.01
Seller: BVVG0.280.140.15-0.14***-0.01*
Seller: professional0.010.020.020.01***0.00
Buyer: farmer0.140.250.270.11***-0.02
Buyer: tenant0.040.120.110.07***0.00
Utilized agricultural area55.8855.1054.62-0.780.48
BVVG transaction share0.240.140.15-0.11***-0.02***
Long-run precipitation56.4856.7856.880.30***-0.10
Months of drought10.8214.8013.133.98***1.67***
Car travel time to Berlin77.4978.3585.280.86-6.94***
Installed biogas capacity0.040.080.070.04***0.01***
 MeanDifference of means
Variable2008-092017-18Reweighted2008-09 vs. 2017-18Reweighted vs. 2017-18
Soil quality index32.6732.8332.580.160.25
Log of plot size0.600.650.630.050.01
Seller: BVVG0.280.140.15-0.14***-0.01*
Seller: professional0.010.020.020.01***0.00
Buyer: farmer0.140.250.270.11***-0.02
Buyer: tenant0.040.120.110.07***0.00
Utilized agricultural area55.8855.1054.62-0.780.48
BVVG transaction share0.240.140.15-0.11***-0.02***
Long-run precipitation56.4856.7856.880.30***-0.10
Months of drought10.8214.8013.133.98***1.67***
Car travel time to Berlin77.4978.3585.280.86-6.94***
Installed biogas capacity0.040.080.070.04***0.01***

Comparison of average values of explanatory variables between observations from 2008-09 and 2017-18, and between reweighted observations from 2008-09 and observations from 2017-18. Two-sample t-tests allowing unequal variances were conducted for the differences in means, with hypotheses |$H_0: \mu_{2017-18}-\mu_{2008-09} = 0$| and |$H_0: \mu_{2017-18}-\mu_{reweighted} = 0$|⁠. Statistical significance levels: * p < 0.1, ** p < 0.05, *** p < 0.01.

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