Description
Book SynopsisThis innovative volume offers a thorough breakdown of the issues surrounding takings compensation – payments made as reimbursement for government takeover of private property.
Trade Review'This thought-provoking and skillfully executed book offers fresh theoretical and empirical insights into questions of eminent domain compensation. Chang's analysis of this interesting and important area is illuminating and sure to spark further dialogue.' --Lee Anne Fennell, University of Chicago Law School
'Chang's book represents the state of the art in the legal, economic, and political analysis of compensation for physical takings. Writing with analytical skill and clarity, Chang makes a strong case for fair market value compensation with financial bonuses to properly incentivise assessors.'
--Daniel L. Rubinfeld, University of California, Berkeley
'Drawing upon both prior research and cutting-edge data, Private Property and Takings Compensation offers an evaluation of assorted compensation strategies that should prove invaluable particularly to government policymakers and litigators.'
--The Midwest Book Review
Table of ContentsContents: Foreword by Richard Epstein Introduction Part I: Theoretical Framework 1. A New Analytical Framework 2. Condemnors: Three Behavioral Theories 3. Condemnees: Four Types of Incentives 4. Four Assessment Methods Part II: Empirical Analysis 5. Taiwan 1977–2009 and Condemnors’ Incentives 6. Taiwan 1954–77 and Condemnees’ Incentives 7. Settled Compensation in New York City and the Power of Hedonic Regression Models 8. Adjudicated Compensation in New York City and the Failure of Appraisal Methods Conclusion References Index
