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Land Acquisition and Compensation Policy for Development Activity

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  • Dinda, Soumyananda

Abstract

Development policy focuses on creation of economic opportunities that increase the demand for transferring land from primary to secondary activities. Market mechanism is sufficient argument of distributive justice, but it ignores the income security. Agricultural land owners are heterogeneous in terms of risk preferences, skill, and perception of future development benefits. Farming skills are non-transferable, so, role of compensation should incorporate their concern for financial security and time preference. Alternative form of non-cash compensation is required to cater this diversity.

Suggested Citation

  • Dinda, Soumyananda, 2015. "Land Acquisition and Compensation Policy for Development Activity," MPRA Paper 72849, University Library of Munich, Germany, revised 18 Sep 2015.
    • Handle: RePEc:pra:mprapa:72849
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    References listed on IDEAS

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    1. Dinda, Soumyananda, 2015. "Land Acquisition and Compensation Policy for Development Activity," MPRA Paper 83453, University Library of Munich, Germany, revised 01 Jan 2016.
    2. 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.
    3. Maitreesh Ghatak & Parikshit Ghosh, 2011. "The Land Acquisition Bill-- A Critique and a Proposal," Working papers 204, Centre for Development Economics, Delhi School of Economics.
    4. Dinda, Soumyananda, 2015. "Development and Land Acquisition in the View of Law and Economics," MPRA Paper 72848, University Library of Munich, Germany.
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    Cited by:

    1. John Kujur, 2023. "The Effect of Development-induced Displacement on Adivasis: Evidence from the Rourkela Steel Plant Project in India," Journal of South Asian Development, , vol. 18(1), pages 134-154, April.
    2. Dinda, Soumyananda, 2015. "Land Acquisition and Compensation Policy for Development Activity," MPRA Paper 72849, University Library of Munich, Germany, revised 18 Sep 2015.

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    Keywords

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    JEL classification:

    • H0 - Public Economics - - General
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Z1 - Other Special Topics - - Cultural Economics
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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