Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Takings

  • Thomas J. MiceliEmail author
  • Kathleen Segerson
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_547

Abstract

This entry discusses the economics of eminent domain, which is the government’s power to take or regulate privately owned property for the common good. It discusses the origins of the power as well as its limits, particularly as embodied in the public use and just compensation requirements. It also reviews the economics literature on how eminent domain affects incentives for efficient land use.

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Notes

Acknowledgments

We acknowledge the input of James Wen.

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of ConnecticutStorrsUSA