This paper explores how the costs of meeting given aggregate targets for pollution emissions change with the imposition of the requirement that key pollution-related industries be compensated for potential losses of profit from the pollution regulation. Using analytically and numerically solved...

The US Constitution requires the government to pay just compensation for taking private property. Justice, in this context, will be achieved only if compensation meets two tests, a reality test and a perception test. The reality test asks whether is it more likely than not that the owner...

In the wake of the US Supreme Court decision in Kelo v. The City of New London, several state passed regulation increasing the statutory compensation for eminent domain takings. Some of the increases were based on multipliers of market value, yet there has been little attempt to provide an...