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Not Just Compensation


Abraham Bell


Bar Ilan University - Faculty of Law; University of San Diego School of Law

November 1, 2004

Bar Ilan Univ. Pub Law Working Paper No. 6-04
Journal of Contemporary Legal issues, Vol. 13, No. 1, 2003

Abstract:     
This Article develops a "contributory negligence" rule for takings compensation under which property owners will not be awarded compensation where they overdevelop their property. I propose that a contributory negligence standard be implemented by soliciting homeowner self-assessments that would serve as the basis of both the magnitude of the award of takings compensation and of the decision as to whether property development has been contributorily negligent.

By analogy with economic models of tort law, I show that compensation policy must create bilateral incentives that, on the one hand, deter government decisionmaking on the basis of fiscal illusion, and, on the other hand, discourage property owner behavior on the basis of moral hazard. To be coherent, this compensation policy must have a clear manner of determining the baseline value of property, and it must avoid strategic timing that creates "condemnation blight."

Number of Pages in PDF File: 45

JEL Classification: K10, K11

working papers series





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Date posted: November 16, 2004 ; Last revised: September 21, 2008

Suggested Citation

Bell, Abraham, Not Just Compensation (November 1, 2004). Bar Ilan Univ. Pub Law Working Paper No. 6-04; Journal of Contemporary Legal issues, Vol. 13, No. 1, 2003. Available at SSRN: http://ssrn.com/abstract=621281 or http://dx.doi.org/10.2139/ssrn.621281

Contact Information

Abraham Bell (Contact Author)
Bar Ilan University - Faculty of Law ( email )
Faculty of Law
Ramat Gan, 52900
Israel
HOME PAGE: http://law.biu.ac.il/English/segelE.php#
University of San Diego School of Law ( email )
5998 Alcala Park
San Diego, CA 92110-2492
United States
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