文章基本信息

标题：Regulatory Takings and the Diminution of Value: An Empirical Analysis of Takings and Givings
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作者：Truesdell, Marie K. ; Bergstrom, John C. ; Dorfman, Jeffrey H. 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2006
页码：585-595
出版社：Journal of Agribusiness
摘要：A hedonic model is used to measure the change in value of residential lots in Rockport, Texas, resulting from Section 404 of the U.S. Clean Water Act. Results show that average lot values initially decreased, went though a six-year adjustment period, and then stabilized on a higher price path resulting in a positive net effect on average lot values throughout the Rockport area (with the exception of a particular subdivision). The results indicate that Section 404 generated both regulatory "takings" and "givings," suggesting that both effects should be considered when assessing the benefits and costs of regulatory events and compensation claims.
关键词：Clean Water Act Section 404;hedonic price method;interrupted time series;regulatory takings and givings;wetlands