The Economics of Takings and Compensation When Land and Its Public Use Value Are in Private Hands
AbstractBefore governments can "take" private property, property owners can often alter the public use value. This article models this capability and studies its implicationsf or takings compensation. Tying compensation to private land values generally does not prompt efficient land use practices. Tying compensation to land's public use value prompts efficient landowner behavior, but at a high budgetary cost to the government. When there are deadweight costs of government funds, efficient regimes deliver land use incentives at minimum budgetary cost. Negligence compensation does so by affording landowners positive compensation only if they act efficiently to protect their property's public use value.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 76 (2000)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://le.uwpress.org/
Find related papers by JEL classification:
- Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Ohl, C. & Drechsler, M. & Johst, K. & Wätzold, F., 2008. "Compensation payments for habitat heterogeneity: Existence, efficiency, and fairness considerations," Ecological Economics, Elsevier, vol. 67(2), pages 162-174, September.
- Langpap, Christian, 2002. "Voluntary Conservation Of Endangered Species: When Does "No Surprises" Mean No Conservation," 2002 Annual meeting, July 28-31, Long Beach, CA 19747, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Smith, Rodney B. W. & Shogren, Jason F., 2002. "Voluntary Incentive Design for Endangered Species Protection," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 169-187, March.
- Niemann, Paul & Shapiro, Perry, 2008. "Efficiency and fairness: Compensation for takings," International Review of Law and Economics, Elsevier, vol. 28(3), pages 157-165, September.
- Drechsler, Martin & Wätzold, Frank & Johst, Karin & Shogren, Jason F., 2010.
"An agglomeration payment for cost-effective biodiversity conservation in spatially structured landscapes,"
Resource and Energy Economics,
Elsevier, vol. 32(2), pages 261-275, April.
- Drechsler, Martin & Johst, Karin & Wätzold, Frank & Shogren, Jason F., 2007. "An agglomeration payment for cost-effective biodiversity conservation in spatially structured landscapes," UFZ Discussion Papers 4/2007, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
- Langpap, Christian, 2006. "Conservation of endangered species: Can incentives work for private landowners?," Ecological Economics, Elsevier, vol. 57(4), pages 558-572, June.
- Langpap, Christian, 2003. "Conservation Of Endangered Species: Can Incentives Work For Private Landowners?," 2003 Annual meeting, July 27-30, Montreal, Canada 21972, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Louis Kaplow, 2003. "Transition Policy: A Conceptual Framework," NBER Working Papers 9596, National Bureau of Economic Research, Inc.
- Thomas J. Miceli & Kathleen Segerson, 2011. "Regulatory Takings," Working papers 2011-16, University of Connecticut, Department of Economics.
- 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).
- Osgood, Daniel E. & List, John A. & 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.