In Search of Robin Hood: Suggested Legislative Responses to Kelo
Florida State University College of Law
August 8, 2007
FSU College of Law, Public Law Research Paper No. 284
FSU College of Law, Law and Economics Paper No. 07-013
This article is a short essay that uses an economic analysis of the need for and potential abuses of eminent domain used to transfer property from one private entity to another. It adds to the current literature by suggesting that states can establish mechanisms for evaluating and compensating current landowners for the idiosyncratic value they place on their property, and can establish administrative procedures and judicial review essentially to require local governments to auction the opportunity to obtain the property to the private entity that will provide the greatest benefit to the jurisdiction.
Number of Pages in PDF File: 21
Keywords: Takings, Eminent Domain, Just Compensation, Keloworking papers series
Date posted: August 13, 2007 ; Last revised: October 25, 2007
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