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Land Acquisition and Compensation Policy for Development Activity

Author

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  • Dinda, Soumyananda

Abstract

Development policy focuses on creation of economic opportunities which increase the demand for transferring land from primary to secondary or tertiary activities. Market mechanism is sufficient argument of distributive justice for land acquisition for development activities, but it ignores income security. Landowners are heterogeneous in terms of knowledge, skills, risk preferences, attitudes and perception of future development benefits. The role of complementarities of land with farming skills are non-transferable that incorporate their concern for financial security and time preference. These concerns exhibited considerable diversity with corresponding preferences over alternative forms of non-cash compensation. Hence, alternative compensation packages ought to be offered to cater to this diversity.

Suggested Citation

  • Dinda, Soumyananda, 2015. "Land Acquisition and Compensation Policy for Development Activity," MPRA Paper 83453, University Library of Munich, Germany, revised 01 Jan 2016.
    • Handle: RePEc:pra:mprapa:83453
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    File URL: https://mpra.ub.uni-muenchen.de/83453/1/MPRA_paper_83453.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Dinda, Soumyananda, 2015. "Development and Land Acquisition in the View of Law and Economics," MPRA Paper 72848, University Library of Munich, Germany.
    3. Dinda, Soumyananda, 2015. "Land Acquisition and Compensation Policy for Development Activity," MPRA Paper 72849, University Library of Munich, Germany, revised 18 Sep 2015.
    4. 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.
    Full references (including those not matched with items on IDEAS)

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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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    More about this item

    Keywords

    Land acquisition; compensation policy; income security; risk preference; valuation; market price;
    All these keywords.

    JEL classification:

    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • K0 - Law and Economics - - General
    • K1 - Law and Economics - - Basic Areas of Law
    • 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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