AbstractA regulatory taking occurs when a government regulation reduces the value of private property to such a degree that the owner is entitled to compensation under the Fifth Amendment Takings Clause. This chapter reviews legal and economic theories aimed at determining when a regulation crosses the compensation threshold. It also assesses the consequences of various compensation rules on the efficiency of land use decisions and government policymaking.
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Bibliographic InfoPaper provided by University of Connecticut, Department of Economics in its series Working papers with number 2011-16.
Length: 43 pages
Date of creation: Jul 2011
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Compensation; eminent domain; regulation; takings;
Find related papers by JEL classification:
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
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