Marginal Cost Pricing and Eminent Domain
Year: 2011
Type: article
Abstract: There are three separate strands of literature in economics that are related to the efficiency of takings under eminent domain: one addresses the question of optimal compensation for properties that are taken, the second inquires how governments might learn the values of properties that they consider taking, while the third analyzes solutions to the problem of land assembly. This essay reviews these strands of literature and argues that the principle of marginal cost pricing can be used as a unifying principle for integrating them.
DOI: 10.1561/0700000050
Authors: Florenz Plassmann, T. Nicolaus Tideman
Institutions: Binghamton University, Virginia Tech
Language: English
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3125836360