Chapter One: A New Analytical Framework

Yun-chien Chang, Private Property and Takings Compensation: Theoretical Framework and Empirical Analysis (January 2013), Edward Elgar

10 Pages Posted: 9 Nov 2013

See all articles by Yun-chien Chang

Yun-chien Chang

Academia Sinica - Institutum Iurisprudentiae (IIAS); New York University School of Law

Date Written: January 28, 2013

Abstract

This timely book on takings compensation is the first ever to combine theoretical framework with empirical analysis. On the theory front, this book critically review the theories regarding the condemnor’s takings decisions and the condemnees’ investment decisions, and it advances a framework that also systematically analyzes the accuracy and costs of assessing compensation. On the empirical front, this book uses data from New York City between 1990 and 2003 and Taiwan between 1954 and 2009 to examine whether takings compensation awarded under four different regimes approximate the normative standard, finding that they do not.

Keywords: Economic value, fair market value, takings compensation, over-invest, land assembly, assessment costs, assessment accuracy, assessment method, self-assessment

JEL Classification: K11

Suggested Citation

Chang, Yun-chien, Chapter One: A New Analytical Framework (January 28, 2013). Yun-chien Chang, Private Property and Takings Compensation: Theoretical Framework and Empirical Analysis (January 2013), Edward Elgar. Available at SSRN: https://ssrn.com/abstract=2346570

Yun-chien Chang (Contact Author)

Academia Sinica - Institutum Iurisprudentiae (IIAS) ( email )

128 Academia Sinica Rd., Sec. 2
Nankang
Taipei City, 11529
Taiwan

New York University School of Law ( email )

40 Washington Square South
New York, NY 10012-1099
United States

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