Economic Issues Raised by Treatment of Takings
نویسنده
چکیده
منابع مشابه
The Economic Impacts of Eminent Domain
We model government takings of private property, embedding prominent theories of their economic consequences. Random assignment of U.S. judges and the fact that judges make takings precedent in a manner correlated with their race, political party, and prior government advocacy facilitate causal estimates of allowing government takings. Novel data on judicial biographies and takings decisions si...
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Purpose: The paper aims to focus on South Africa’s poor economic performance and the regular downgrades of the country’s economic and financial rating by international rating agencies. It attempts to show that these continuous downgrades are a recipe for economic and financial disaster in the long – run; that the continuance of this phenomenon will stymie the implementation of the National Dev...
متن کاملThe Complexities of Judicial Takings
When (if ever) a judicial action can be an unconstitutional taking of private property has long been an open question in American constitutional law. Nested within this larger question are a host of detailed issues concerning both substance and procedure. Despite passing references in some cases, and a more direct discussion in one concurring opinion, the Supreme Court of the United States—unti...
متن کاملThe Economics of Eminent Domain: Private Property, Public Use, and Just Compensation
Description: The Fifth Amendment of the U.S. Constitution reads "nor shall private property be taken for public use, without just compensation". Often referred to as the eminent domain or takings clause, economists have made significant contributions to the understanding of both the proper scope of takings and when compensation should be paid. The Economics of Eminent Domain: Private Property, ...
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The U.S. Supreme Court’s latest regulatory takings decision, Palazzolo v. Rhode Island, is significant for its rejection of what I term the positive notice rule. It also confirms the narrow scope of the categorical rule, developed in Lucas v. South Carolina Coastal Council, for government actions that work complete takings of property. Beyond that, Palazzolo evokes the potential for the enhance...
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