Pay or Waive: An Economic Assessment of Property Owner Compensation Laws in the U. S.

Grout, Cyrus; Plantinga, Andrew J.; Jaeger, William K.

Citeable URL: https://ir.library.oregonstate.edu/concern/articles/44558k05w

This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Review of Environmental Economics and Policy, following peer review. The published article is copyrighted by the Author(s) and published by Oxford University Press on behalf of the Association of Environmental and Resource Economists. The definitive publisher-authenticated version is available online at: http://reep.oxfordjournals.org/content/8/1/103

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Attribute Name	Values
Alternative Title	Pay or Waive: An Economic Assessment of Property Owner Compensation Laws in the United States
Creator	Grout, Cyrus Plantinga, Andrew J. Jaeger, William K.
Abstract	Land-use regulations are contentious everywhere because of their potential negative effects on private property values. In recent years, “pay or waive” compensation legislation has been passed in a number of U.S. states, requiring governments to compensate property owners for losses due to land-use regulations or grant exemptions from the regulations in lieu of compensation. We provide an overview of the compensation statutes in six U.S. states, discuss the economic issues raised by the statutes, and examine the effects of the statutes in practice. Although these laws require that “just compensation” be estimated accurately and consistently, measuring the effects of land-use regulations on property values is extremely challenging in practice. We find that rather than providing relief to property owners unfairly burdened by land-use regulations, the compensation statutes appear primarily to discourage local governments from developing and implementing land-use regulations.
Resource Type	Article
DOI	10.1093/reep/ret019
Date Available	2016-01-13T09:00:07+00:00
Date Issued	2014
Citation	Grout, C., Plantinga, A. J., & Jaeger, W. K. (2014). Pay or Waive: An Economic Assessment of Property Owner Compensation Laws in the United States. Review of Environmental Economics and Policy, 8(1), 103-119. doi:10.1093/reep/ret019
Series	Review of Environmental Economics and Policy Winter 2014 Vol. 8 no. 1
Keyword	Land Use Land Value Land Markets Zoning
Rights Statement	Copyright Not Evaluated
Publisher	Oxford University Press
Peer Reviewed	Yes
Language	English [eng]
Replaces	http://hdl.handle.net/1957/54916

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