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The Mythology of Holdout as Justification for Eminent Domain and Public Provision of Roads
By Bruce L. Benson
This article appeared in the Fall 2005 issue of The Independent Review


Abstract

According to the conventional wisdom, road transportation would be highly inefficient without the government’s power of eminent domain, because property owners could refuse to sell their property at the government’s asking price. In reality, there are strong grounds for thinking that private, for-profit road companies would have fewer problems with holdouts and few problems as severe as that of government failure in road transportation.



Other Independent Review articles by Bruce L. Benson
    Winter 2008   The Evolution of Eminent Domain: Market Failure or an Effort to Limit Government Power and Government Failure?
    Winter 2007   The Market for Force
    Spring 2002   Crime and Politics: Big Government’s Erratic Campaign for Law and Order
[View All (6)]


Volume 10 Number 2
Fall 2005

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