Public Use or Abuse? The Use of Eminent Domain for Economic Development in the Era of \textit{Kelo}

Moussa Diop, Steven Lanza, Thomas Miceli and C. F. Sirmans
Additional contact information
Moussa Diop: Pennsylvania State University
C. F. Sirmans: Florida State University

No 2010-28, Working papers from University of Connecticut, Department of Economics

Abstract: The Supreme Court decision in Kelo v. New London (2005) authorized the use of eminent domain for economic redevelopment projects provided that there are sufficient spillover benefits to the public in the form of enhanced taxes and new jobs. This paper examines the economic basis for this decision, and tests the conclusions using cross-state data on economic development takings. It also examines the factors underlying the political actions by states to limit such takings following the Kelo decision. The results are consistent with the economic justification for eminent domain as a means of overcoming holdout problems associated with land assembly.

Keywords: Economic development; eminent domain; holdout problem; takings (search for similar items in EconPapers)
JEL-codes: H11 H41 H42 K11 O12 R11 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2010-11
New Economics Papers: this item is included in nep-ure
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://media.economics.uconn.edu/working/2010-28.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2010-28

Access Statistics for this paper

More papers in Working papers from University of Connecticut, Department of Economics University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1063. Contact information at EDIRC.
Bibliographic data for series maintained by Mark McConnel ().