The paper presents a historical and quantitative analysis of agricultural land transactions between Jews (buyers) and Arabs (sellers) in Palestine at the beginning of the century. Based on data relating to 104 plots (drawn from the archives of the Jewish settlement associations and organizations) and using the hedonic prices approach, it is found that site, relative location, and period of sale explain two-thirds of the variance in price. In addition, the nature of ownership, location in proximity to lands under Jewish ownership, and geopolitical region have substantial effects as well. The last factor is particularly interesting as it relates to nationalistic considerations of land redemption and preparation of a base for a national homeland.
|Original language||American English|
|Journal||Exploration in Economic History|
|State||Published - 1990|