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Vol 21 No 11 Nov/Dec 2016

Book of the Month

Cover of Criminal Injuries Compensation Claims

Criminal Injuries Compensation Claims

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Private Property and Takings Compensation: Theoretical Framework and Empirical Analysis


ISBN13: 9780857935274
Published: January 2013
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £70.00



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This innovative volume offers a thorough breakdown of the issues surrounding takings compensation - payments made as reimbursement for government takeover of private property.

Using examples from New York City and Taiwan, Yun-chien Chang discusses the advantages and disadvantages of different methods of compensation and offers insightful suggestions for future implementation. In an effort to fill the gaps in the current literature, the author identifies the five previously recognized types of compensation - zero, current value, fair market value, economic value and project value compensation - and uses a combination of previous research and new data to determine which is the most economically efficient.

In doing so, he sets out a concrete methodology for the evaluation of takings compensation strategies that should prove vital to future policy decisions. Students and professors of law, economics and public policy will find much of interest in the author's careful analysis, as will policymakers and other government officials working on similar land use issues.

Subjects:
Property Law, Remedies and Damages
Contents:
Foreword
Introduction

Part I: Theoretical Framework
1. A New Analytical Framework
2. Condemnors: Three Behavioral Theories
3. Condemnees: Four Types of Incentives
4. Four Assessment Methods

Part II: Empirical Analysis
5. Taiwan 1977 - 2009 and Condemnors' Incentives
6. Taiwan 1954 - 1977 and Condemnees' Incentives
7. Settled Compensation in NYC and the Power of Hedonic Regression Models
8. Adjudicated Compensation in NYC and the Failure of Appraisal Methods

Conclusion