Table D.2. Open in new tab Point and...

	2008-09	2017-18
Soil quality index	0.0042***	0.0052***	0.0078***	0.0080***	0.0095***	0.0118***	0.0164***	0.0244***
	[0.004,0.005]	[0.004,0.006]	[0.006,0.010]	[0.005,0.011]	[0.007,0.011]	[0.008,0.015]	[0.010,0.023]	[0.014,0.035]
Log of plot size	0.0038**	0.0054*	0.0086*	0.0219***	0.0562***	0.0932***	0.0867***	0.0709***
	[0.001,0.007]	[-0.000,0.011]	[-0.001,0.018]	[0.006,0.038]	[0.041,0.071]	[0.064,0.123]	[0.043,0.130]	[0.018,0.124]
Seller: BVVG	0.2102***	0.3135***	0.3450***	0.3765***	0.4717***	0.6459***	1.0012***	1.3412***
	[0.199,0.221]	[0.283,0.344]	[0.294,0.396]	[0.293,0.460]	[0.416,0.528]	[0.515,0.777]	[0.742,1.260]	[0.914,1.769]
Seller: professional	0.0503**	0.0730*	0.1027	0.0798	0.0765	0.0838	-0.0962	-0.3196
	[0.006,0.094]	[-0.012,0.158]	[-0.022,0.227]	[-0.083,0.242]	[-0.069,0.222]	[-0.198,0.365]	[-0.636,0.443]	[-1.001,0.362]
Buyer: farmer	0.0034	0.0009	0.0272	-0.0307	0.0132	-0.0656*	0.1104	0.2143
	[-0.012,0.019]	[-0.030,0.031]	[-0.021,0.076]	[-0.094,0.033]	[-0.025,0.051]	[-0.141,0.010]	[-0.041,0.262]	[-0.061,0.490]
Buyer: tenant	-0.0192**	-0.0327**	0.0227	-0.0452	0.0031	-0.0868	-0.0887	0.2495
	[-0.035,-0.003]	[-0.063,-0.003]	[-0.047,0.093]	[-0.161,0.070]	[-0.045,0.051]	[-0.218,0.045]	[-0.252,0.075]	[-0.074,0.573]
Utilized agricultural area	0.0009***	0.0019***	0.0008*	0.0019***	0.0037***	0.0060***	0.0076***	0.0076***
	[0.001,0.001]	[0.001,0.002]	[-0.000,0.002]	[0.001,0.003]	[0.003,0.005]	[0.004,0.008]	[0.003,0.012]	[0.003,0.012]
BVVG transaction share	-0.0317***	0.0399*	-0.1304***	-0.3162***	0.1887**	0.4908***	0.3334	0.3836
	[-0.056,-0.008]	[-0.007,0.086]	[-0.212,-0.049]	[-0.453,-0.179]	[0.040,0.337]	[0.214,0.768]	[-0.305,0.972]	[-0.444,1.211]
Long-run precipitation	0.0002	-0.0031*	0.0002	0.0028	0.0070*	0.0088	-0.0055	0.0130
	[-0.002,0.002]	[-0.007,0.000]	[-0.006,0.007]	[-0.005,0.011]	[-0.000,0.014]	[-0.005,0.022]	[-0.029,0.018]	[-0.023,0.049]
Months of drought	0.0004	0.0005	0.0031	0.0010	-0.0079***	-0.0157***	-0.0088	-0.0145
	[-0.002,0.003]	[-0.004,0.005]	[-0.005,0.011]	[-0.011,0.013]	[-0.013,-0.003]	[-0.027,-0.004]	[-0.023,0.005]	[-0.037,0.008]
Car travel time to Berlin	-0.0013***	-0.0019***	-0.0030***	-0.0031***	-0.0037***	-0.0069***	-0.0053**	-0.0050
	[-0.002,-0.001]	[-0.002,-0.001]	[-0.004,-0.002]	[-0.004,-0.002]	[-0.005,-0.002]	[-0.010,-0.004]	[-0.010,-0.001]	[-0.012,0.002]
Installed biogas capacity	-0.0093	0.0027	-0.0629	-0.0171	-0.0421	-0.0343	0.0011	0.0147
	[-0.038,0.019]	[-0.053,0.059]	[-0.159,0.034]	[-0.176,0.142]	[-0.137,0.053]	[-0.209,0.141]	[-0.278,0.280]	[-0.372,0.402]
Intercept	0.2359***	0.3744***	0.3917**	0.4512	0.5817**	0.9225*	1.3722	0.4655
	[0.108,0.364]	[0.158,0.591]	[0.023,0.760]	[-0.128,1.030]	[0.053,1.110]	[-0.130,1.975]	[-0.342,3.086]	[-1.656,2.587]
County dummy variables	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
N	5003	5003	5003	5003	2416	2416	2416	2416
adj. R²	0.496	0.387	0.262	0.150	0.523	0.376	0.292	0.213

2008-09

2017-18

Years:

|$\hat{\beta}_{OLS} $|

|$\hat{\gamma}^{75}_{RIF-OLS}$|

|$\hat{\gamma}^{90}_{RIF-OLS}$|

|$\hat{\gamma}^{95}_{RIF-OLS}$|

|$\hat{\beta}_{OLS} $|

|$\hat{\gamma}^{75}_{RIF-OLS}$|

|$\hat{\gamma}^{90}_{RIF-OLS}$|

|$\hat{\gamma}^{95}_{RIF-OLS}$|

Soil quality index

0.0042***

0.0052***

0.0078***

0.0080***

0.0095***

0.0118***

0.0164***

0.0244***

[0.004,0.005]

[0.004,0.006]

[0.006,0.010]

[0.005,0.011]

[0.007,0.011]

[0.008,0.015]

[0.010,0.023]

[0.014,0.035]

Log of plot size

0.0038**

0.0054*

0.0086*

0.0219***

0.0562***

0.0932***

0.0867***

0.0709***

[0.001,0.007]

[-0.000,0.011]

[-0.001,0.018]

[0.006,0.038]

[0.041,0.071]

[0.064,0.123]

[0.043,0.130]

[0.018,0.124]

Seller: BVVG

0.2102***

0.3135***

0.3450***

0.3765***

0.4717***

0.6459***

1.0012***

1.3412***

[0.199,0.221]

[0.283,0.344]

[0.294,0.396]

[0.293,0.460]

[0.416,0.528]

[0.515,0.777]

[0.742,1.260]

[0.914,1.769]

Seller: professional

0.0503**

0.0730*

0.1027

0.0798

0.0765

0.0838

-0.0962

-0.3196

[0.006,0.094]

[-0.012,0.158]

[-0.022,0.227]

[-0.083,0.242]

[-0.069,0.222]

[-0.198,0.365]

[-0.636,0.443]

[-1.001,0.362]

Buyer: farmer

0.0034

0.0009

0.0272

-0.0307

0.0132

-0.0656*

0.1104

0.2143

[-0.012,0.019]

[-0.030,0.031]

[-0.021,0.076]

[-0.094,0.033]

[-0.025,0.051]

[-0.141,0.010]

[-0.041,0.262]

[-0.061,0.490]

Buyer: tenant

-0.0192**

-0.0327**

0.0227

-0.0452

0.0031

-0.0868

-0.0887

0.2495

[-0.035,-0.003]

[-0.063,-0.003]

[-0.047,0.093]

[-0.161,0.070]

[-0.045,0.051]

[-0.218,0.045]

[-0.252,0.075]

[-0.074,0.573]

Utilized agricultural area

0.0009***

0.0019***

0.0008*

0.0019***

0.0037***

0.0060***

0.0076***

[0.001,0.001]

[0.001,0.002]

[-0.000,0.002]

[0.001,0.003]

[0.003,0.005]

[0.004,0.008]

[0.003,0.012]

BVVG transaction share

-0.0317***

0.0399*

-0.1304***

-0.3162***

0.1887**

0.4908***

0.3334

0.3836

[-0.056,-0.008]

[-0.007,0.086]

[-0.212,-0.049]

[-0.453,-0.179]

[0.040,0.337]

[0.214,0.768]

[-0.305,0.972]

[-0.444,1.211]

Long-run precipitation

0.0002

-0.0031*

0.0002

0.0028

0.0070*

0.0088

-0.0055

0.0130

[-0.002,0.002]

[-0.007,0.000]

[-0.006,0.007]

[-0.005,0.011]

[-0.000,0.014]

[-0.005,0.022]

[-0.029,0.018]

[-0.023,0.049]

Months of drought

0.0004

0.0005

0.0031

0.0010

-0.0079***

-0.0157***

-0.0088

-0.0145

[-0.002,0.003]

[-0.004,0.005]

[-0.005,0.011]

[-0.011,0.013]

[-0.013,-0.003]

[-0.027,-0.004]

[-0.023,0.005]

[-0.037,0.008]

Car travel time to Berlin

-0.0013***

-0.0019***

-0.0030***

-0.0031***

-0.0037***

-0.0069***

-0.0053**

-0.0050

[-0.002,-0.001]

[-0.004,-0.002]

[-0.005,-0.002]

[-0.010,-0.004]

[-0.010,-0.001]

[-0.012,0.002]

Installed biogas capacity

-0.0093

0.0027

-0.0629

-0.0171

-0.0421

-0.0343

0.0011

0.0147

[-0.038,0.019]

[-0.053,0.059]

[-0.159,0.034]

[-0.176,0.142]

[-0.137,0.053]

[-0.209,0.141]

[-0.278,0.280]

[-0.372,0.402]

Intercept

0.2359***

0.3744***

0.3917**

0.4512

0.5817**

0.9225*

1.3722

0.4655

[0.108,0.364]

[0.158,0.591]

[0.023,0.760]

[-0.128,1.030]

[0.053,1.110]

[-0.130,1.975]

[-0.342,3.086]

[-1.656,2.587]

County dummy variables

Yes

5003

2416

adj. R²

0.496

0.387

0.262

0.150

0.523

0.376

0.292

0.213

	2008-09	2017-18
Soil quality index	0.0042***	0.0052***	0.0078***	0.0080***	0.0095***	0.0118***	0.0164***	0.0244***
	[0.004,0.005]	[0.004,0.006]	[0.006,0.010]	[0.005,0.011]	[0.007,0.011]	[0.008,0.015]	[0.010,0.023]	[0.014,0.035]
Log of plot size	0.0038**	0.0054*	0.0086*	0.0219***	0.0562***	0.0932***	0.0867***	0.0709***
	[0.001,0.007]	[-0.000,0.011]	[-0.001,0.018]	[0.006,0.038]	[0.041,0.071]	[0.064,0.123]	[0.043,0.130]	[0.018,0.124]
Seller: BVVG	0.2102***	0.3135***	0.3450***	0.3765***	0.4717***	0.6459***	1.0012***	1.3412***
	[0.199,0.221]	[0.283,0.344]	[0.294,0.396]	[0.293,0.460]	[0.416,0.528]	[0.515,0.777]	[0.742,1.260]	[0.914,1.769]
Seller: professional	0.0503**	0.0730*	0.1027	0.0798	0.0765	0.0838	-0.0962	-0.3196
	[0.006,0.094]	[-0.012,0.158]	[-0.022,0.227]	[-0.083,0.242]	[-0.069,0.222]	[-0.198,0.365]	[-0.636,0.443]	[-1.001,0.362]
Buyer: farmer	0.0034	0.0009	0.0272	-0.0307	0.0132	-0.0656*	0.1104	0.2143
	[-0.012,0.019]	[-0.030,0.031]	[-0.021,0.076]	[-0.094,0.033]	[-0.025,0.051]	[-0.141,0.010]	[-0.041,0.262]	[-0.061,0.490]
Buyer: tenant	-0.0192**	-0.0327**	0.0227	-0.0452	0.0031	-0.0868	-0.0887	0.2495
	[-0.035,-0.003]	[-0.063,-0.003]	[-0.047,0.093]	[-0.161,0.070]	[-0.045,0.051]	[-0.218,0.045]	[-0.252,0.075]	[-0.074,0.573]
Utilized agricultural area	0.0009***	0.0019***	0.0008*	0.0019***	0.0037***	0.0060***	0.0076***	0.0076***
	[0.001,0.001]	[0.001,0.002]	[-0.000,0.002]	[0.001,0.003]	[0.003,0.005]	[0.004,0.008]	[0.003,0.012]	[0.003,0.012]
BVVG transaction share	-0.0317***	0.0399*	-0.1304***	-0.3162***	0.1887**	0.4908***	0.3334	0.3836
	[-0.056,-0.008]	[-0.007,0.086]	[-0.212,-0.049]	[-0.453,-0.179]	[0.040,0.337]	[0.214,0.768]	[-0.305,0.972]	[-0.444,1.211]
Long-run precipitation	0.0002	-0.0031*	0.0002	0.0028	0.0070*	0.0088	-0.0055	0.0130
	[-0.002,0.002]	[-0.007,0.000]	[-0.006,0.007]	[-0.005,0.011]	[-0.000,0.014]	[-0.005,0.022]	[-0.029,0.018]	[-0.023,0.049]
Months of drought	0.0004	0.0005	0.0031	0.0010	-0.0079***	-0.0157***	-0.0088	-0.0145
	[-0.002,0.003]	[-0.004,0.005]	[-0.005,0.011]	[-0.011,0.013]	[-0.013,-0.003]	[-0.027,-0.004]	[-0.023,0.005]	[-0.037,0.008]
Car travel time to Berlin	-0.0013***	-0.0019***	-0.0030***	-0.0031***	-0.0037***	-0.0069***	-0.0053**	-0.0050
	[-0.002,-0.001]	[-0.002,-0.001]	[-0.004,-0.002]	[-0.004,-0.002]	[-0.005,-0.002]	[-0.010,-0.004]	[-0.010,-0.001]	[-0.012,0.002]
Installed biogas capacity	-0.0093	0.0027	-0.0629	-0.0171	-0.0421	-0.0343	0.0011	0.0147
	[-0.038,0.019]	[-0.053,0.059]	[-0.159,0.034]	[-0.176,0.142]	[-0.137,0.053]	[-0.209,0.141]	[-0.278,0.280]	[-0.372,0.402]
Intercept	0.2359***	0.3744***	0.3917**	0.4512	0.5817**	0.9225*	1.3722	0.4655
	[0.108,0.364]	[0.158,0.591]	[0.023,0.760]	[-0.128,1.030]	[0.053,1.110]	[-0.130,1.975]	[-0.342,3.086]	[-1.656,2.587]
County dummy variables	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
N	5003	5003	5003	5003	2416	2416	2416	2416
adj. R²	0.496	0.387	0.262	0.150	0.523	0.376	0.292	0.213

2008-09

2017-18

Years:

|$\hat{\beta}_{OLS} $|

|$\hat{\gamma}^{75}_{RIF-OLS}$|

|$\hat{\gamma}^{90}_{RIF-OLS}$|

|$\hat{\gamma}^{95}_{RIF-OLS}$|

|$\hat{\beta}_{OLS} $|

|$\hat{\gamma}^{75}_{RIF-OLS}$|

|$\hat{\gamma}^{90}_{RIF-OLS}$|

|$\hat{\gamma}^{95}_{RIF-OLS}$|

Soil quality index

0.0042***

0.0052***

0.0078***

0.0080***

0.0095***

0.0118***

0.0164***

0.0244***

[0.004,0.005]

[0.004,0.006]

[0.006,0.010]

[0.005,0.011]

[0.007,0.011]

[0.008,0.015]

[0.010,0.023]

[0.014,0.035]

Log of plot size

0.0038**

0.0054*

0.0086*

0.0219***

0.0562***

0.0932***

0.0867***

0.0709***

[0.001,0.007]

[-0.000,0.011]

[-0.001,0.018]

[0.006,0.038]

[0.041,0.071]

[0.064,0.123]

[0.043,0.130]

[0.018,0.124]

Seller: BVVG

0.2102***

0.3135***

0.3450***

0.3765***

0.4717***

0.6459***

1.0012***

1.3412***

[0.199,0.221]

[0.283,0.344]

[0.294,0.396]

[0.293,0.460]

[0.416,0.528]

[0.515,0.777]

[0.742,1.260]

[0.914,1.769]

Seller: professional

0.0503**

0.0730*

0.1027

0.0798

0.0765

0.0838

-0.0962

-0.3196

[0.006,0.094]

[-0.012,0.158]

[-0.022,0.227]

[-0.083,0.242]

[-0.069,0.222]

[-0.198,0.365]

[-0.636,0.443]

[-1.001,0.362]

Buyer: farmer

0.0034

0.0009

0.0272

-0.0307

0.0132

-0.0656*

0.1104

0.2143

[-0.012,0.019]

[-0.030,0.031]

[-0.021,0.076]

[-0.094,0.033]

[-0.025,0.051]

[-0.141,0.010]

[-0.041,0.262]

[-0.061,0.490]

Buyer: tenant

-0.0192**

-0.0327**

0.0227

-0.0452

0.0031

-0.0868

-0.0887

0.2495

[-0.035,-0.003]

[-0.063,-0.003]

[-0.047,0.093]

[-0.161,0.070]

[-0.045,0.051]

[-0.218,0.045]

[-0.252,0.075]

[-0.074,0.573]

Utilized agricultural area

0.0009***

0.0019***

0.0008*

0.0019***

0.0037***

0.0060***

0.0076***

[0.001,0.001]

[0.001,0.002]

[-0.000,0.002]

[0.001,0.003]

[0.003,0.005]

[0.004,0.008]

[0.003,0.012]

BVVG transaction share

-0.0317***

0.0399*

-0.1304***

-0.3162***

0.1887**

0.4908***

0.3334

0.3836

[-0.056,-0.008]

[-0.007,0.086]

[-0.212,-0.049]

[-0.453,-0.179]

[0.040,0.337]

[0.214,0.768]

[-0.305,0.972]

[-0.444,1.211]

Long-run precipitation

0.0002

-0.0031*

0.0002

0.0028

0.0070*

0.0088

-0.0055

0.0130

[-0.002,0.002]

[-0.007,0.000]

[-0.006,0.007]

[-0.005,0.011]

[-0.000,0.014]

[-0.005,0.022]

[-0.029,0.018]

[-0.023,0.049]

Months of drought

0.0004

0.0005

0.0031

0.0010

-0.0079***

-0.0157***

-0.0088

-0.0145

[-0.002,0.003]

[-0.004,0.005]

[-0.005,0.011]

[-0.011,0.013]

[-0.013,-0.003]

[-0.027,-0.004]

[-0.023,0.005]

[-0.037,0.008]

Car travel time to Berlin

-0.0013***

-0.0019***

-0.0030***

-0.0031***

-0.0037***

-0.0069***

-0.0053**

-0.0050

[-0.002,-0.001]

[-0.004,-0.002]

[-0.005,-0.002]

[-0.010,-0.004]

[-0.010,-0.001]

[-0.012,0.002]

Installed biogas capacity

-0.0093

0.0027

-0.0629

-0.0171

-0.0421

-0.0343

0.0011

0.0147

[-0.038,0.019]

[-0.053,0.059]

[-0.159,0.034]

[-0.176,0.142]

[-0.137,0.053]

[-0.209,0.141]

[-0.278,0.280]

[-0.372,0.402]

Intercept

0.2359***

0.3744***

0.3917**

0.4512

0.5817**

0.9225*

1.3722

0.4655

[0.108,0.364]

[0.158,0.591]

[0.023,0.760]

[-0.128,1.030]

[0.053,1.110]

[-0.130,1.975]

[-0.342,3.086]

[-1.656,2.587]

County dummy variables

Yes

5003

2416

adj. R²

0.496

0.387

0.262

0.150

0.523

0.376

0.292

0.213

Table D.2.

Open in new tab

Point and interval estimates of RIF-regressions for 2008-09 and 2017-18

	2008-09				2017-18
Years:	\|$\hat{\beta}_{OLS} $\|	\|$\hat{\gamma}^{75}_{RIF-OLS}$\|	\|$\hat{\gamma}^{90}_{RIF-OLS}$\|	\|$\hat{\gamma}^{95}_{RIF-OLS}$\|	\|$\hat{\beta}_{OLS} $\|	\|$\hat{\gamma}^{75}_{RIF-OLS}$\|	\|$\hat{\gamma}^{90}_{RIF-OLS}$\|	\|$\hat{\gamma}^{95}_{RIF-OLS}$\|
Soil quality index	0.0042***	0.0052***	0.0078***	0.0080***	0.0095***	0.0118***	0.0164***	0.0244***
	[0.004,0.005]	[0.004,0.006]	[0.006,0.010]	[0.005,0.011]	[0.007,0.011]	[0.008,0.015]	[0.010,0.023]	[0.014,0.035]
Log of plot size	0.0038**	0.0054*	0.0086*	0.0219***	0.0562***	0.0932***	0.0867***	0.0709***
	[0.001,0.007]	[-0.000,0.011]	[-0.001,0.018]	[0.006,0.038]	[0.041,0.071]	[0.064,0.123]	[0.043,0.130]	[0.018,0.124]
Seller: BVVG	0.2102***	0.3135***	0.3450***	0.3765***	0.4717***	0.6459***	1.0012***	1.3412***
	[0.199,0.221]	[0.283,0.344]	[0.294,0.396]	[0.293,0.460]	[0.416,0.528]	[0.515,0.777]	[0.742,1.260]	[0.914,1.769]
Seller: professional	0.0503**	0.0730*	0.1027	0.0798	0.0765	0.0838	-0.0962	-0.3196
	[0.006,0.094]	[-0.012,0.158]	[-0.022,0.227]	[-0.083,0.242]	[-0.069,0.222]	[-0.198,0.365]	[-0.636,0.443]	[-1.001,0.362]
Buyer: farmer	0.0034	0.0009	0.0272	-0.0307	0.0132	-0.0656*	0.1104	0.2143
	[-0.012,0.019]	[-0.030,0.031]	[-0.021,0.076]	[-0.094,0.033]	[-0.025,0.051]	[-0.141,0.010]	[-0.041,0.262]	[-0.061,0.490]
Buyer: tenant	-0.0192**	-0.0327**	0.0227	-0.0452	0.0031	-0.0868	-0.0887	0.2495
	[-0.035,-0.003]	[-0.063,-0.003]	[-0.047,0.093]	[-0.161,0.070]	[-0.045,0.051]	[-0.218,0.045]	[-0.252,0.075]	[-0.074,0.573]
Utilized agricultural area	0.0009***	0.0019***	0.0008*	0.0019***	0.0037***	0.0060***	0.0076***	0.0076***
	[0.001,0.001]	[0.001,0.002]	[-0.000,0.002]	[0.001,0.003]	[0.003,0.005]	[0.004,0.008]	[0.003,0.012]	[0.003,0.012]
BVVG transaction share	-0.0317***	0.0399*	-0.1304***	-0.3162***	0.1887**	0.4908***	0.3334	0.3836
	[-0.056,-0.008]	[-0.007,0.086]	[-0.212,-0.049]	[-0.453,-0.179]	[0.040,0.337]	[0.214,0.768]	[-0.305,0.972]	[-0.444,1.211]
Long-run precipitation	0.0002	-0.0031*	0.0002	0.0028	0.0070*	0.0088	-0.0055	0.0130
	[-0.002,0.002]	[-0.007,0.000]	[-0.006,0.007]	[-0.005,0.011]	[-0.000,0.014]	[-0.005,0.022]	[-0.029,0.018]	[-0.023,0.049]
Months of drought	0.0004	0.0005	0.0031	0.0010	-0.0079***	-0.0157***	-0.0088	-0.0145
	[-0.002,0.003]	[-0.004,0.005]	[-0.005,0.011]	[-0.011,0.013]	[-0.013,-0.003]	[-0.027,-0.004]	[-0.023,0.005]	[-0.037,0.008]
Car travel time to Berlin	-0.0013***	-0.0019***	-0.0030***	-0.0031***	-0.0037***	-0.0069***	-0.0053**	-0.0050
	[-0.002,-0.001]	[-0.002,-0.001]	[-0.004,-0.002]	[-0.004,-0.002]	[-0.005,-0.002]	[-0.010,-0.004]	[-0.010,-0.001]	[-0.012,0.002]
Installed biogas capacity	-0.0093	0.0027	-0.0629	-0.0171	-0.0421	-0.0343	0.0011	0.0147
	[-0.038,0.019]	[-0.053,0.059]	[-0.159,0.034]	[-0.176,0.142]	[-0.137,0.053]	[-0.209,0.141]	[-0.278,0.280]	[-0.372,0.402]
Intercept	0.2359***	0.3744***	0.3917**	0.4512	0.5817**	0.9225*	1.3722	0.4655
	[0.108,0.364]	[0.158,0.591]	[0.023,0.760]	[-0.128,1.030]	[0.053,1.110]	[-0.130,1.975]	[-0.342,3.086]	[-1.656,2.587]
County dummy variables	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
N	5003	5003	5003	5003	2416	2416	2416	2416
adj. R²	0.496	0.387	0.262	0.150	0.523	0.376	0.292	0.213

	2008-09				2017-18
Years:	\|$\hat{\beta}_{OLS} $\|	\|$\hat{\gamma}^{75}_{RIF-OLS}$\|	\|$\hat{\gamma}^{90}_{RIF-OLS}$\|	\|$\hat{\gamma}^{95}_{RIF-OLS}$\|	\|$\hat{\beta}_{OLS} $\|	\|$\hat{\gamma}^{75}_{RIF-OLS}$\|	\|$\hat{\gamma}^{90}_{RIF-OLS}$\|	\|$\hat{\gamma}^{95}_{RIF-OLS}$\|
Soil quality index	0.0042***	0.0052***	0.0078***	0.0080***	0.0095***	0.0118***	0.0164***	0.0244***
	[0.004,0.005]	[0.004,0.006]	[0.006,0.010]	[0.005,0.011]	[0.007,0.011]	[0.008,0.015]	[0.010,0.023]	[0.014,0.035]
Log of plot size	0.0038**	0.0054*	0.0086*	0.0219***	0.0562***	0.0932***	0.0867***	0.0709***
	[0.001,0.007]	[-0.000,0.011]	[-0.001,0.018]	[0.006,0.038]	[0.041,0.071]	[0.064,0.123]	[0.043,0.130]	[0.018,0.124]
Seller: BVVG	0.2102***	0.3135***	0.3450***	0.3765***	0.4717***	0.6459***	1.0012***	1.3412***
	[0.199,0.221]	[0.283,0.344]	[0.294,0.396]	[0.293,0.460]	[0.416,0.528]	[0.515,0.777]	[0.742,1.260]	[0.914,1.769]
Seller: professional	0.0503**	0.0730*	0.1027	0.0798	0.0765	0.0838	-0.0962	-0.3196
	[0.006,0.094]	[-0.012,0.158]	[-0.022,0.227]	[-0.083,0.242]	[-0.069,0.222]	[-0.198,0.365]	[-0.636,0.443]	[-1.001,0.362]
Buyer: farmer	0.0034	0.0009	0.0272	-0.0307	0.0132	-0.0656*	0.1104	0.2143
	[-0.012,0.019]	[-0.030,0.031]	[-0.021,0.076]	[-0.094,0.033]	[-0.025,0.051]	[-0.141,0.010]	[-0.041,0.262]	[-0.061,0.490]
Buyer: tenant	-0.0192**	-0.0327**	0.0227	-0.0452	0.0031	-0.0868	-0.0887	0.2495
	[-0.035,-0.003]	[-0.063,-0.003]	[-0.047,0.093]	[-0.161,0.070]	[-0.045,0.051]	[-0.218,0.045]	[-0.252,0.075]	[-0.074,0.573]
Utilized agricultural area	0.0009***	0.0019***	0.0008*	0.0019***	0.0037***	0.0060***	0.0076***	0.0076***
	[0.001,0.001]	[0.001,0.002]	[-0.000,0.002]	[0.001,0.003]	[0.003,0.005]	[0.004,0.008]	[0.003,0.012]	[0.003,0.012]
BVVG transaction share	-0.0317***	0.0399*	-0.1304***	-0.3162***	0.1887**	0.4908***	0.3334	0.3836
	[-0.056,-0.008]	[-0.007,0.086]	[-0.212,-0.049]	[-0.453,-0.179]	[0.040,0.337]	[0.214,0.768]	[-0.305,0.972]	[-0.444,1.211]
Long-run precipitation	0.0002	-0.0031*	0.0002	0.0028	0.0070*	0.0088	-0.0055	0.0130
	[-0.002,0.002]	[-0.007,0.000]	[-0.006,0.007]	[-0.005,0.011]	[-0.000,0.014]	[-0.005,0.022]	[-0.029,0.018]	[-0.023,0.049]
Months of drought	0.0004	0.0005	0.0031	0.0010	-0.0079***	-0.0157***	-0.0088	-0.0145
	[-0.002,0.003]	[-0.004,0.005]	[-0.005,0.011]	[-0.011,0.013]	[-0.013,-0.003]	[-0.027,-0.004]	[-0.023,0.005]	[-0.037,0.008]
Car travel time to Berlin	-0.0013***	-0.0019***	-0.0030***	-0.0031***	-0.0037***	-0.0069***	-0.0053**	-0.0050
	[-0.002,-0.001]	[-0.002,-0.001]	[-0.004,-0.002]	[-0.004,-0.002]	[-0.005,-0.002]	[-0.010,-0.004]	[-0.010,-0.001]	[-0.012,0.002]
Installed biogas capacity	-0.0093	0.0027	-0.0629	-0.0171	-0.0421	-0.0343	0.0011	0.0147
	[-0.038,0.019]	[-0.053,0.059]	[-0.159,0.034]	[-0.176,0.142]	[-0.137,0.053]	[-0.209,0.141]	[-0.278,0.280]	[-0.372,0.402]
Intercept	0.2359***	0.3744***	0.3917**	0.4512	0.5817**	0.9225*	1.3722	0.4655
	[0.108,0.364]	[0.158,0.591]	[0.023,0.760]	[-0.128,1.030]	[0.053,1.110]	[-0.130,1.975]	[-0.342,3.086]	[-1.656,2.587]
County dummy variables	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
N	5003	5003	5003	5003	2416	2416	2416	2416
adj. R²	0.496	0.387	0.262	0.150	0.523	0.376	0.292	0.213

RIF-regression estimates (⁠|$\hat{\gamma}^{\tau}_{RIF-OLS}$|⁠) for three values of τ in the right tail of the price distribution (τ = 75, |$\tau=90,$| τ = 95), as well as standard mean regression estimates (⁠|$\hat{\beta}_{OLS}$|⁠) as a point of reference. Statistical significance levels: * p < 0.1, ** p < 0.05, *** p < 0.01. Null hypotheses: θ = 0. 95% confidence intervals based on bootstrapped standard errors (50 replications) in brackets.

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