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Takings, Compensation and Endangered Species Protection on Private Lands

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Author Info
Innes, Robert
Polasky, Stephen
Tschirhart, John

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Abstract

Preserving endangered species on private land benefits the public, but may confer cost on landowners if property is 'taken.' Government compensation to landowners can offset costs, although the Endangered Species Act does not require compensation. The authors survey private economic incentives for species preservation created by alternative property rights and compensation regimes. Compensation will effect investments in land and the willingness of landowners to collect and impart information about their land's preservation value. The authors also address government incentives and how deadweight costs of compensation will influence design of property rights, and how government's susceptibility to interest group pressure may cause inefficient preservation. Copyright 1998 by American Economic Association.

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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 12 (1998)
Issue (Month): 3 (Summer)
Pages: 35-52
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Handle: RePEc:aea:jecper:v:12:y:1998:i:3:p:35-52

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Blume, Lawrence & Rubinfeld, Daniel L & Shapiro, Perry, 1984. "The Taking of Land: When Should Compensation Be Paid?," The Quarterly Journal of Economics, MIT Press, vol. 99(1), pages 71-92, February. [Downloadable!] (restricted)
  2. Hermalin, Benjamin E, 1995. "An Economic Analysis of Takings," Journal of Law, Economics and Organization, Oxford University Press, vol. 11(1), pages 64-86, April.
  3. Becker, Gary S, 1983. "A Theory of Competition among Pressure Groups for Political Influence," The Quarterly Journal of Economics, MIT Press, vol. 98(3), pages 371-400, August. [Downloadable!] (restricted)
  4. Innes, Robert, 1997. "Takings, Compensation, and Equal Treatment for Owners of Developed and Undeveloped Property," Journal of Law & Economics, University of Chicago Press, vol. 40(2), pages 403-32, October.
  5. Fullerton, Don, 1991. "Reconciling Recent Estimates of the Marginal Welfare Cost of Taxation," American Economic Review, American Economic Association, vol. 81(1), pages 302-08, March. [Downloadable!] (restricted)
  6. Crone, Lisa & Tschirhart, John, 1998. "Separating economic from political influences on government decisions," Journal of Economic Behavior & Organization, Elsevier, vol. 35(4), pages 405-425, May. [Downloadable!] (restricted)
  7. Fischel, William A. & Shapiro, Perry, 1989. "A constitutional choice model of compensation for takings," International Review of Law and Economics, Elsevier, vol. 9(2), pages 115-128, December. [Downloadable!] (restricted)
  8. Farber, Daniel A., 1992. "Economic analysis and just compensation," International Review of Law and Economics, Elsevier, vol. 12(2), pages 125-138, June. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. John A. List & Michael Margolis & Daniel E. Osgood, 2006. "Is the Endangered Species Act Endangering Species?," NBER Working Papers 12777, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Huennemeyer, Anne-Juliane & McKitrick, Ross & Rollins, Kimberly S., 1999. "Optimal Compensation For Endangered Species Protection Under Asymmetric Information," 1999 Annual meeting, August 8-11, Nashville, TN 21693, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  3. Jongeneel, Roel & Polman, Nico & Slangen, Louis, 2008. "Cost-Benefit Analysis Of The Dutch Nature Conservation Policy: Direct, Indirect Effects And Transaction Costs Of The Ecological Main Structure In The Netherlands," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 43970, European Association of Agricultural Economists. [Downloadable!]
  4. Catherine M. Chambers & Paul E. Chambers & John R. Crooker & John C. Whitehead, 2008. "Stochastic Dominance, Entropy and Biodiversity Management," Working Papers 0807, University of Central Missouri, Department of Economics & Finance, revised May 2008. [Downloadable!]
    Other versions:
  5. Emma Aisbett & Larry Karp & Carol McAusland, 2008. "Police-powers, regulatory takings and the efficient compensation of domestic and foreign investors," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 1061, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
  6. Katrina Mullan & Andreas Kontoleon & Tim Swanson & Shiqiu Zhang, 2008. "An evaluation of the impact of the Natural Forest Protection Programme on Rural Household Livelihoods," Environmental Economy and Policy Research Working Papers 34.2008, University of Cambridge, Department of Land Economics, revised 2008. [Downloadable!]
  7. Bardsley, Peter & Burfurd, Ingrid, 2009. "Contract Design for Biodiversity Procurement," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 48047, Australian Agricultural and Resource Economics Society. [Downloadable!]
  8. Langpap, Christian & Kerkvliet, Joe, 2002. "Success Or Failure? Ordered Probit Approaches To Measuring The Effectiveness Of The Endangered Species Act," 2002 Annual meeting, July 28-31, Long Beach, CA 19713, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  9. Osgood, Daniel & List, John & Margolis, Michael, 2002. "Closing The Barn Door: Construction And Endangered Species Restrictions," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36598, Western Agricultural Economics Association. [Downloadable!]
  10. Janmaat, Johannus A., 2007. "Stakeholder Engagement in Land Development Decisions: A Waste of Effort?," MPRA Paper 6147, University Library of Munich, Germany. [Downloadable!]
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