Knowledge Problem

Economics Of Kelo At Volokh

Lynne Kiesling

Todd Zywicki’s post on the economics of Kelo is the most thorough analysis I’ve seen of the economics of eminent domain, holdout problems, and how that gets translated into a “public use”. Well worth a read.

And if I owned an autographed photograph of Franco Harris’s Immaculate Reception, you couldn’t pry it out of my hands for love or money. Let’s see you calculate fair market value for that.