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Takings

Georgetown Journal of Law and Public Policy, Vol. 8, No. 2, pp. 327-338, 2010

13 Pages Posted: 29 Jul 2010 Last revised: 24 Feb 2012

See all articles by Peter J. Boettke

Peter J. Boettke

George Mason University - Department of Economics; Mercatus Center at George Mason University

Christopher J. Coyne

George Mason University - Department of Economics

Peter T. Leeson

George Mason University - Department of Economics; George Mason University - Mercatus Center

Date Written: July 28, 2010

Abstract

This paper investigates government takings’ effect on entrepreneurship and the market process. We find that takings redirect the market process along new paths, generating “hidden” costs in the form of foregone entrepreneurial opportunities. Because standard cost-benefit calculations of takings usage can’t capture these costs, takings impact analyses systematically understate the cost of takings.

Keywords: Entrepreneurship, Market Process, Eminent Domain

JEL Classification: B53, L26

Suggested Citation

Boettke, Peter J. and Boettke, Peter J. and Coyne, Christopher J. and Leeson, Peter T., Takings (July 28, 2010). Georgetown Journal of Law and Public Policy, Vol. 8, No. 2, pp. 327-338, 2010, Available at SSRN: https://ssrn.com/abstract=1650202

Peter J. Boettke

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

Mercatus Center at George Mason University ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

Christopher J. Coyne

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://www.ccoyne.com/

Peter T. Leeson (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://www.peterleeson.com

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://ppe.mercatus.org/scholars/peter-leeson

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