The Supreme Court decision in Kelo v. New London (2005) authorized the use of eminent domain for economic redevelopment provided that there are sufficient spillover benefits to the public. This article examines the economic basis for this decision and tests the conclusions using cross-state data...

This article discusses the relationship between economic development and one aspect of property rights, a statute of limitations defining time limits on ownership claims. The analysis centers on property rights in land. This article argues that the available development opportunities shape the...