The burden of redevelopment projects, whether or not they ultimately benefit the communities in which they are undertaken, is borne disproportionately by those displaced. Neighborhoods are destroyed and residents are made to leave a home they love, compensated only by its market value. The...

Currently, the legitimate transfer of ownership of an asset occurs either through voluntary means - gift, bequest, sale - or through the use of state power - compulsory acquisition, resumption, eminent domain, court order. In Australia and elsewhere, compulsory acquisition of private property is...

In Shapiro and Pincus (2008), we proposed a method for arriving at just compensation of private owners of urban land, in cases like Kelo v New London, in which government has plans to use eminent domain to `take' private properties, to be assembled into a single parcel for some public purpose....

This paper presents estimates of the financial returns to the graduate, to the Treasury and to the Australian economy from undergraduate education. In addition, the paper indulges in some speculations about the efficiency of the policy changes.

This paper re-examines criticisms made of vertical fiscal imbalance in Australian and other federations. We argue that one of the central criticisms made of vertical fiscal imbalance is unproven. Vertical fiscal imbalance occurs when the central government collects more taxes than it spends on...

A small but important part of Buchanan's work is focussed on issues relating to federalism. This includes the early equalisation grants paper (from his doctoral dissertation), the midcareer papers on Tiebout processes and the later paper on fiscal cartels in The Power to Tax (1980). The aim of...