EconPapers    
Economics at your fingertips  
 

Public Use, Just Compensation, and Land Reform in Hawaii

Sumner La Croix and Louis Rose

No 199507, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: The Land Reform Act as amended was a misapplication of eminent domain because it violated both the public use and just compensation clauses of the Fifth Amendment. There was no rational nexus linking eminent domain with the public purpose of reducing the price of land; the high price was due to natural and governmental restrictions on land supply rather than oligopoly. The Act provided for compensation for the condemned leased fee at below market value; compensation was based on controlled lease rents and excluded the reversionary interest in improvements.

Pages: 19 pages
Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.economics.hawaii.edu/research/workingpapers/88-98/WP_95-7.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:hai:wpaper:199507

Ordering information: This working paper can be ordered from
http://www.economics ... esearch/working.html

Access Statistics for this paper

More papers in Working Papers from University of Hawaii at Manoa, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Web Technician ().

 
Page updated 2025-03-30
Handle: RePEc:hai:wpaper:199507