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Compulsory Purchase - Reasonable and Fair Compensation: An Experimental Study
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Real Estate Planning and Land Law.
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Building and Real Estate Economics.ORCID iD: 0000-0003-4841-5056
2007 (English)In: Nordic Journal of Surveying and Real Estate Research, ISSN 1459-5877, E-ISSN 2341-6599, Vol. 4, no 1Article in journal (Refereed) Published
Abstract [en]

Swedish law provides that compensation for compulsory purchase – in some cases – shall be decided according to the following general principle: The compensation should correspond to the price that could have been expected if it had been a "normal voluntary transaction". However, in those specific situations where compulsory purchase applies, there is always a lack of empirical data of price levels in voluntary agreements. In this article we enlighten the problem through bargaining experiments with buyers and sellers. We provide experimental evidence from Sweden indicating that the price level – or the profit-sharing between buyer and seller – depends on the context and what is judged to be reasonable principles of fair distribution.

Place, publisher, year, edition, pages
Helsinki: Finnish Society of Surveying Sciences , 2007. Vol. 4, no 1
Keyword [en]
Compulsory purchase, expropriation, compensation, profit-sharing, bargaining experiments
National Category
Law and Society
Identifiers
URN: urn:nbn:se:kth:diva-50611OAI: oai:DiVA.org:kth-50611DiVA: diva2:462288
Note

QC 20111207

Available from: 2011-12-06 Created: 2011-12-06 Last updated: 2017-12-08Bibliographically approved

Open Access in DiVA

No full text

Other links

http://ojs.tsv.fi/index.php/njs/article/view/1662/1509

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Lind, Hans

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Output format
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