Land Acquisition and Compensation Policy for Development Activity

Soumyananda Dinda ()

MPRA Paper from University Library of Munich, Germany

Abstract: Development policy focuses on creation of economic opportunities that increase the demand for transferring land from primary to secondary activities. Market mechanism is sufficient argument of distributive justice, but it ignores the income security. Agricultural land owners are heterogeneous in terms of risk preferences, skill, and perception of future development benefits. Farming skills are non-transferable, so, role of compensation should incorporate their concern for financial security and time preference. Alternative form of non-cash compensation is required to cater this diversity.

Keywords: Cash; Non-Cash Compensation; financial secuirity; risk; farming skill; market mechanism; Job for land; Land for land; rent for land; Justice (search for similar items in EconPapers)
JEL-codes: H0 K4 Q1 Q15 Z1 Z18 (search for similar items in EconPapers)
Date: 2015-08-16, Revised 2015-09-18
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (1)

Published in Journal of Land and Rural Studies 1.4(2016): pp. 111-118

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Related works:
Working Paper: Land Acquisition and Compensation Policy for Development Activity (2016)
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