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http://ssrn.com/abstract=952511
 
 

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The Holdout Problem, Urban Sprawl, and Eminent Domain


Thomas J. Miceli


University of Connecticut - Department of Economics

C. F. Sirmans


Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law

November 2006


Abstract:     
Developers attempting land assembly often face a potential holdout problem that raises the cost of development. To minimize this extra cost, developers will prefer land whose ownership is less dispersed. This creates a bias toward development at the urban fringe where average lot sizes are larger, resulting in urban sprawl. This paper examines the link between the holdout problem and urban sprawl and discusses possible remedies, including the use of eminent domain for urban redevelopment.

Number of Pages in PDF File: 22

Keywords: eminent domain, holdout problem, urban renewal, urban sprawl

JEL Classification: K11, R14, R52

working papers series


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Date posted: December 19, 2006  

Suggested Citation

Miceli, Thomas J. and Sirmans, C. F., The Holdout Problem, Urban Sprawl, and Eminent Domain (November 2006). Available at SSRN: http://ssrn.com/abstract=952511 or http://dx.doi.org/10.2139/ssrn.952511

Contact Information

Thomas J. Miceli (Contact Author)
University of Connecticut - Department of Economics ( email )
341 Mansfield Road
Storrs, CT 06269
United States
860-486-5810 (Phone)
860-486-4463 (Fax)
C. F. Sirmans
Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law ( email )
Tallahasse, FL 32306
United States
850 644-4076 (Phone)
HOME PAGE: http://www.cob.fsu.edu/rmi

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