promotes efficiency by spreading the costs of takings on a broader set of property owners, similar to the effect of broadening a tax base to decrease deadweight loss of taxation
نویسندگان
چکیده
September 2011 this is a rough and incomplete first draft please do not distribute or quote Abstract: Recent theoretical work has demonstrated that holdout is the appropriate efficiency justification for eminent domain. In parallel, recent empirical work has demonstrated that state legislatures either grant discretion to local authorities, or constrain them from using eminent domain. This paper extends Miceli‘s (2011) strategic holdout model to incorporate the efficiency effects of granting discretionary powers. Because discretion can be used for non-efficiencyenhancing purposes it attracts rent seeking by developers. Therefore, the efficiency justification for eminent domain is conditional. It depends on the relative magnitudes of the holdout and rentseeking sources of inefficiency.
منابع مشابه
An Examination of Taxation Effect on Interest Rate of Bank Deposits on Gross Domestic Product: Dynamic Stochastic General Equilibrium
Recently, the topic of taxation on the interest rate on bank deposits has become o one of the new debates among economists and politicians. In this regard, the purpose of this study is investigation of the effect of taxation on the interest rate on bank deposits on gross domestic product using the Dynamic stochastic general equilibrium model in period of 1981 to 2016. The results of the resear...
متن کاملLegal Examination of the Terms of Taxation in Direct Tax Act
Today, one of the most important challenges of tax system is tax evasion of the taxpayers, which is an obstacle to the proper administration of the country. There are many ways to prevent tax evasion, one of which is the legal remedy for issuance under Article 161 of the Direct Taxes Terms and Conditions. This important legal entity can prevent tax evasion and prevent tax fraud by seizing the p...
متن کاملMeasuring the deadweight loss from taxation in a small open economy☆ A general method with an application to Sweden
a r t i c l e i n f o Keywords: Deadweight loss Tax policy in a small open economy The paper develops a simple general equilibrium framework for calculating the marginal deadweight loss from taxation in a small open economy. The framework allows a decomposition of the deadweight loss from each tax instrument into the losses stemming from the contraction of the different tax bases. The paper des...
متن کاملTax Avoidance and Institutional Ownership: Active vs. Passive Ownership
Income tax is one of the most important costs of companies and it is usually considered as a cost that should not be paid. One of the most noticeable and influential factors in tax avoidance is corporate ownership structure. With an emphasis on institutional ownership and its types in this paper, it is attempted to measure the effect of this ownership and its types on corporate tax avoidance. F...
متن کاملThe Welfare Effects of Switching from Consumption Taxation to Inflation Taxation in Iran’s Economy
The net effects of switching from consumption taxation to inflation taxation on resource allocation and welfare crucially depend on production externalities. With elastic labor supply, raising inflation taxation decreases leisure, but increases the levels of real consumption, capital, and output. Moreover, this tax switch has two opposing effects on the level of real money balances: A positive ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2011