An Economic Analysis of Eminent Domain
Bibliographic Data
| ID | 10180694 |
|---|---|
| Authors | Patricia Munch (0000-0003-2368-8533, corresponding author) |
| Year | 1976 |
| Volume | 84 |
| Issue | 3 |
| Pages | 473-497 |
| Publication date | 1976-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260455 |
| OpenAlex | W2074905166 |
| Language | EN |
| Citations received | 25 |
| References cited | 1 |
A theoretical analysis of land assembly with and without eminent domain concludes that, contrary to traditional assumptions, eminent domain is not necessarily a more efficient institution than the free market for consolidating many contiguous but separately owned parcels into a single ownership unit. In practice, prices paid under eminent domain may differ systematically from the "fair market value" standard, depending on court costs of buyer and seller. Evidence from urban renewal supports the hypothesis that, due to the structure of court costs, high-valued properties receive more than market value and low-valued properties receive less than market value
Business · Domain (mathematical analysis · Economics · Eminent Domain · Fair market value · Institution · Law and economics · Market value · Political science · Statistics · Unit (ring theory · Value (mathematics · Finance · Housing Market and Economics · Land Rights and Reforms · Law · Mathematics · Property Rights and Legal Doctrine
Creative Destruction
Modeling Wind-Induced Community Resilience Impacted by Broad Policy Levers
A review of land development strategies for urban development
The holdout problem and urban sprawl
Securing Property Rights
The Mystery of Property Rights
John Maynard Keynes 1937–1946
The billion pound drop
Political Divide, Weak Property Rights, and Infrastructure Provision
Graduated Density Zoning
The Behaviour of Legislators and Bureaucrats and Policing Expenditures
Private property rights not to use, earn from or trade land in urban planning and development
Decision-making of property owners and tenants in the face of compulsory purchase
Can buyer “mobility” reduce aggregation failures in land-assembly
Who's holding out? An experimental study of the benefits and burdens of eminent domain
The Structure of Urban Land Prices
The political economy of taking and just compensation
Eminent domain power and afterwards
Victimization, rent-seeking and just compensation
The use of eminent domain in land assembly
The Determination of the Price of Land
Plea bargaining and the decision to go to trial
Courts, legislatures, and evolving property rules
Politics and eminent domain
A rehabilitation of health outcome in quality assessment
| Unique citing works | 25 |
|---|---|
| Citations per year | 0,52 |
| Citation span | 1978 - 2026 (49) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 25 |