21 Pages Posted: 13 Aug 2007 Last revised: 25 Oct 2007
Date Written: August 8, 2007
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.
Keywords: Takings, Eminent Domain, Just Compensation, Kelo
Suggested Citation: Suggested Citation
Seidenfeld, Mark, In Search of Robin Hood: Suggested Legislative Responses to Kelo (August 8, 2007). FSU College of Law, Public Law Research Paper No. 284; FSU College of Law, Law and Economics Paper No. 07-013. Available at SSRN: https://ssrn.com/abstract=1006083 or http://dx.doi.org/10.2139/ssrn.1006083