Land Acquisition and Compensation Policy for Development Activity

Dinda, Soumyananda (2015): Land Acquisition and Compensation Policy for Development Activity. Published in: Journal of Land and Rural Studies , Vol. 4, No. 1 (January 2016): pp. 111-118.

Abstract

Development policy focuses on creation of economic opportunities that increase the demand for transferring land from primary to secondary activities. Market mechanism is sufficient argument of distributive justice, but it ignores the income security. Agricultural land owners are heterogeneous in terms of risk preferences, skill, and perception of future development benefits. Farming skills are non-transferable, so, role of compensation should incorporate their concern for financial security and time preference. Alternative form of non-cash compensation is required to cater this diversity.

• Item Type: MPRA Paper
• Language: English
• Keywords: Cash, Non-Cash Compensation, financial secuirity, risk, farming skill, market mechanism, Job for land, Land for land, rent for land, Justice
• Subjects: H - Public Economics > H0 - General; K - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q15 - Land Ownership and Tenure ; Land Reform ; Land Use ; Irrigation ; Agriculture and Environment; Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology; Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z18 - Public Policy

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