Inmates do not have the same civil rights as other members o…
Inmates do not have the same civil rights as other members of society.
Inmates do not have the same civil rights as other members o…
Questions
Inmаtes dо nоt hаve the sаme civil rights as оther members of society.
I оwn sоme lаnd in Pоrtаge, Wisconsin, neаr the train station. The local government wants to build a public park there, to encourage train passengers to spend more time (and money) in Portage. The government sees the value of this project as $500,000. The market value of my land is $300,000, but given my fond memories of the area, my subjective value for it is $750,000. Is it efficient for the government to acquire my land and build a park? If the government tried to buy my land via voluntary negotiations, what would happen? Knowing the government is likely to seize the land via eminent domain, I agree to sell it to my neighbor, who’s always wanted my land, for $450,000. After we agree to a deal but before the sale goes through, he learns about the government’s plan to build a park there. C. Would my sale of the property unite knowledge and control? D. Another argument for enforcing contracts signed under unilateral mistake is that it gives people an incentive to acquire information. Is the information I had about the government’s plans productive or redistributive? Does that argue for or against enforcing the sale? My neighbor manages to get out of the deal, and the local government notifies me it intends to seize my property. I point out there’s another property nearby whose owner values it at the market value of $400,000, and they could acquire that land and build the park there; they argue they don’t want to spend the extra money. I offer to pay them not to acquire my land. E. If a representative of the local government and I negotiate over whether they seize my land to build the park, what is my threat point? What is the government’s threat point? What are the gains from cooperation if they agree to build the park on the other piece of land? If we agreed to split the gain evenly, how much would I have to pay them to leave my land alone?