Police Powers, Regulatory Takings and the Efficient Compensation of Domestic and Foreign Investors
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Aisbett, Emma; Karp, Larry; McAusland, Carol
Description
Modern international investment agreements have challenged the customary exclusion of public good regulations from being considered government 'takings' subject to compensation rules. Full compensation for regulatory takings can, however, lead to over-investment and excessive entry in risky industries. An alternative is to 'carve-out' apparently efficient regulation from compensation requirements. We design a carve-out/compensation rule that induces efficient regulation and firm-level...[Show more]
Collections | ANU Research Publications |
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Date published: | 2010 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/32742 |
Source: | The Economic Record |
DOI: | 10.1111/j.1475-4932.2009.00616.x |
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01_Aisbett_Police_Powers,_Regulatory_2010.pdf | 215.17 kB | Adobe PDF | Request a copy |
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