Define just compensation to be fair market value

Assignment Help Operation Management

Reference no: EM131908321

Question: Compare the efficiency of the following two methods of amending the just-compensation constraint:

a. Define just compensation to be fair market value (including relocation costs) plus, say, 20 percent.

b. Allow private property owners to make their own assessments of the value of their property. Property owners agree to pay property taxes on that self assessed value. If the government ever takes the property, it agrees to pay the self-assessed property value as just compensation.

Reference no: EM131908321

Questions Cloud

Discuss a monopolist for the contemplated public use : What if the government needs to purchase a single, large piece of property in order to provide a public good, say, a satellite-tracking station?

Substainable growth rate : What are the consequences for a firm that grows a higher rate than its SGR?

Define economic analysis to argue for or against the view : In Kelo v. City of New London, 545 U.S. 469 (2005), the U.S. Supreme court decided a case in which landowners challenged the power of a city in Connecticut.

How much interest expense would be included in first payment : How much interest expense would be included in your first payment? How much interest expense would be included in your last payment?

Define just compensation to be fair market value : Compare the efficiency of the following two methods of amending the just-compensation constraint: Define just compensation to be fair market value.

Why might court allowed commission to give a building : The picture of the Nollan case indicates the "proposed path along the beach" and a "possible path to the beach." The Court did not allow the Commission.

Who has more than a modest level of financial resources : Develop a summary of one function that a trust might be able to accomplish for an individual who has more than a modest level of financial resources.

Implementing perfect compensation for the destruction : Describe some difficulties in implementing perfect compensation for the destruction by fire of , the estate of the Gascoyne Stubbs family for 15 generations.

How much of this money should zobart receive : However, the two remaining partners asked to receive the $31,000 that was then available. How much of this money should Zobart receive?

User Account

All Pages