Theoretical Framework and Empirical Analysis
Chapter 1: A new analytical framework
This chapter lays down the theoretical framework for analyzing takings compensation. First I categorize forms of takings compensation into five prototypes. All prior works discuss or advocate one of these prototypes or their variant. Then I argue that four (rather than two) factors are critical in identifying the most efficient form of takings compensation, while only two of these factors have been systematically analyzed in the prior literature. Finally I propose four prototypical assessment methods to analyze the two new factors, assessment costs and assessment accuracy.
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