Compensation for Expropriation Under the Constitution
نویسندگان
چکیده
منابع مشابه
Expropriation, compensation and transitions to new livelihoods: Evidence from an expropriation in Ethiopia
Government intervention in land transactions is common in developing countries, especially where land markets function poorly. This is the case in Ethiopia, where expropriation of farmland from small-scale farmers has been used by all levels of government as a tool for providing new land for industrial investors, commercial agriculture and expanding cities. This paper evaluates the impact of su...
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We use fiscal data on 2,468 oil extraction agreements in 38 countries to study tax contracts between resource-rich countries and independent oil companies. We analyze why expropriations occur and what determines the degree of oil price exposure of host countries. With asymmetric information about a country’s expropriation cost even optimal contracts feature expropriations. Near-linearity in the...
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The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In this environment, the planner’s optimal contract avoids states with high probability of expropriatio...
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Many emerging market economies oscillate between periods of high and low growth (see Aguiar and Gopinath, 2007). These changes in growth regimes generate business cycles that are markedly different from the ones observed in developed countries: consumption and investment are volatile relative to output, and net exports are strongly counter-cyclical. This volatility is often accompanied by sharp...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.2463639