Rules of thumb have been developed to assist appraisers in dealing with the uncertainties that abound when easement values must be estimated. An economic analysis of one popular rule-of-thumb technique, based on a fixed percentage of the value of a hypothetical fee simple interest in the...

The literature's guidance on appraising easement values is limited, such as the sometimes unworkable advice to locate appropriate comparables. A simple economic analysis involving applications of bargaining theory (splitting a cooperative surplus) and game theory (anticipating other parties'...

Governmental entities at all levels are empowered to acquire private property for the public's benefit, provided that quot;just compensationquot; is paid. The level of compensation typically viewed by courts as quot;justquot; is market value, but questions arise as to whether market value...