Eminent Domain: History and Economics
The power of eminent domain is often considered to be the inherent power of the government and it is rarely questioned. There are two possible justifications for eminent domain. Either the government has a superior position to that of private owners, such as a feudal lord, or the power of eminent do...
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| Format: | Article |
| Language: | English |
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Institute of Technology and Business, České Budějovice
2015-01-01
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| Series: | Littera Scripta |
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| Online Access: | http://www.littera-scripta.com/eminent-domain-history-and-economics/ |
| _version_ | 1818583083643830272 |
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| author | Pavol Minárik |
| author_facet | Pavol Minárik |
| author_sort | Pavol Minárik |
| collection | DOAJ |
| description | The power of eminent domain is often considered to be the inherent power of the government and it is rarely questioned. There are two possible justifications for eminent domain. Either the government has a superior position to that of private owners, such as a feudal lord, or the power of eminent domain exists to prevent the problem of holdout, i.e. the problem of high transaction costs. This paper examines and contrasts the historical and economic approaches to eminent domain and shows the complementarity of these disciplines. |
| first_indexed | 2024-12-16T07:59:39Z |
| format | Article |
| id | doaj.art-a00ade471b644e78986f87fc53a6a703 |
| institution | Directory Open Access Journal |
| issn | 1805-9112 |
| language | English |
| last_indexed | 2024-12-16T07:59:39Z |
| publishDate | 2015-01-01 |
| publisher | Institute of Technology and Business, České Budějovice |
| record_format | Article |
| series | Littera Scripta |
| spelling | doaj.art-a00ade471b644e78986f87fc53a6a7032022-12-21T22:38:38ZengInstitute of Technology and Business, České BudějoviceLittera Scripta1805-91122015-01-0126068Eminent Domain: History and EconomicsPavol Minárik 0J. E. Purkyně University in Ústí nad LabemThe power of eminent domain is often considered to be the inherent power of the government and it is rarely questioned. There are two possible justifications for eminent domain. Either the government has a superior position to that of private owners, such as a feudal lord, or the power of eminent domain exists to prevent the problem of holdout, i.e. the problem of high transaction costs. This paper examines and contrasts the historical and economic approaches to eminent domain and shows the complementarity of these disciplines.http://www.littera-scripta.com/eminent-domain-history-and-economics/eminent domain property in land feudalism holdout |
| spellingShingle | Pavol Minárik Eminent Domain: History and Economics Littera Scripta eminent domain property in land feudalism holdout |
| title | Eminent Domain: History and Economics |
| title_full | Eminent Domain: History and Economics |
| title_fullStr | Eminent Domain: History and Economics |
| title_full_unstemmed | Eminent Domain: History and Economics |
| title_short | Eminent Domain: History and Economics |
| title_sort | eminent domain history and economics |
| topic | eminent domain property in land feudalism holdout |
| url | http://www.littera-scripta.com/eminent-domain-history-and-economics/ |
| work_keys_str_mv | AT pavolminarik eminentdomainhistoryandeconomics |