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Private Property, Public Use, and Just Compensation: The Economics of Eminent Domain

Author

Listed:
  • Thomas Miceli

    (University of Connecticut)

  • Kathleen Segerson

    (University of Connecticut)

Abstract

The eminent domain clause of the U.S. Constitution concerns the limits of the government's right to take private property for public use. The economic literature on this issue has examined (1) the proper scope of this power as embodied by the 'public use' requirement, (2) the appropriate definition, and implications, of 'just compensation,' and (3) the impact of eminent domain on land use incentives of owners whose land is subject to a taking risk. This essay reviews this literature and draws implications for our understanding of eminent domain law.

Suggested Citation

  • Thomas Miceli & Kathleen Segerson, 2007. "Private Property, Public Use, and Just Compensation: The Economics of Eminent Domain," Working papers 2007-12, University of Connecticut, Department of Economics.
    • Handle: RePEc:uct:uconnp:2007-12
    Note: We acknowledge the comments of participants at the Urban Economics and Real Estate Finance Seminar, Center for Real Estate, MIT, April 2007; and participants at the UConn-Wesleyan Mini Conference, May 2007.
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    Citations

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    Cited by:

    1. Hans-Bernd Schäfer & Ram Singh, 2018. "Takings of Land by Self-Interested Governments: Economic Analysis of Eminent Domain," Journal of Law and Economics, University of Chicago Press, vol. 61(3), pages 427-459.
    2. At, Christian & Béal, Sylvain & Morand, Pierre-Henri, 2015. "Freezeout, compensation rules, and voting equilibria," International Review of Law and Economics, Elsevier, vol. 41(C), pages 91-102.
    3. Yun-chien Chang, 2015. "An economic and comparative analysis of specificatio (the accession doctrine)," European Journal of Law and Economics, Springer, vol. 39(2), pages 225-243, April.
    4. Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
    5. Pham Huu Ty & A. C. M. Van Westen & Annelies Zoomers, 2013. "Compensation and Resettlement Policies after Compulsory Land Acquisition for Hydropower Development in Vietnam: Policy and Practice," Land, MDPI, vol. 2(4), pages 1-27, November.
    6. Ghatak, Maitreesh & Mookherjee, Dilip, 2014. "Land acquisition for industrialization and compensation of displaced farmers," Journal of Development Economics, Elsevier, vol. 110(C), pages 303-312.
    7. Eric Cardella & Carl Kitchens, 2017. "The impact of award uncertainty on settlement negotiations," Experimental Economics, Springer;Economic Science Association, vol. 20(2), pages 333-367, June.
    8. Thomas J. Miceli & Kathleen Segerson, 2014. "Takings," Working papers 2014-17, University of Connecticut, Department of Economics.
    9. Thomas J. Miceli & Kathleen Segerson, 2011. "Regulatory Takings," Working papers 2011-16, University of Connecticut, Department of Economics.
    10. Brett Christophers, 2010. "Geographical Knowledges and Neoliberal Tensions: Compulsory Land Purchase in the Context of Contemporary Urban Redevelopment," Environment and Planning A, , vol. 42(4), pages 856-873, April.
    11. Casey B. Mulligan, 2015. "In-Kind Taxes, Behavior, and Comparative Advantage," NBER Working Papers 21586, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Eminent domain; just compensation; land use incentives; public use;
    All these keywords.

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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