(i) Showing New Viewpoints (A) Facilitation, (B) Greetings, (C) Raising a problem, (D) Showing new information or viewpoints (ii) Responding Previous Utterances (E) Opinions, (F) Supplementary explanations, (G) Repeating previous utterances, (H) Giving responses (iii) Comedy Performances (I) Boke (Silly jokes), (J) Ijiri (Making fun of the others), (K) Waru-Nori (Repeating silly jokes), (L) Tsu...

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, ...

The holdout problem is commonly cited as the justification for eminent domain, but the nature of the problem is not well understood. This paper models the holdout problem in a bargaining framework, where a developer seeks to acquire several parcels of land for a large-scale development. We show that in the absence of eminent domain, holdouts are inevitable, threatening costly delay. However, if...