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.
According to the conventional wisdom, road transportation would be highly inefficient without the governments power of eminent domain, because property owners could refuse to sell their property at the governments 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.
Civil Liberties and Human RightsEconomyFree Market EconomicsHousing and HomelessnessLand UseLaw and LibertyPrivatizationProperty Rights, Land Use, and ZoningRegulation
|Other Independent Review articles by Bruce L. Benson|
|Winter 2014/15||The New Scarlett Letter?: Negotiating the U.S. Labor Market with a Criminal Record|
|Fall 2014||Lets Focus on Victim Justice, Not Criminal Justice|
|Winter 2007/08||The Evolution of Eminent Domain: Market Failure or an Effort to Limit Government Power and Government Failure?|
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