Does the Endowment Effect Influence Outcomes in Takings Cases? An Exploratory Look at Some Important Cases and Suggestions for Additional Research
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Does the Endowment Effect Influence Outcomes in Takings Cases? Evidence from Some Important Cases and Implications for Planning Ethics and Practice
states that private property shall not ―be taken for public use, without just compensation.‖ Despite the apparent simplicity of the amendment, the issue remains controversial. For instance, the United States Supreme Court (USSC) has noted that it cannot establish a ―set formula‖ for determining when a taking has occurred (Penn Central Transportation Co. v. New York City, 438 U.S. 104, 1978). Co...
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