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A Bargaining Model of Holdouts and Takings

Thomas J. Miceli and Kathleen Segerson.

in American Law and Economics Review

January 2007; p ublished online June 2007 .

Journal Article. Subjects: Game Theory and Bargaining Theory; Property Law; Urban, Rural, and Regional Economics; Regional Government Analysis. 4870 words.

The holdout problem is commonly cited as the justification for eminent domain, but the nature of the problem is not well understood. This article models the holdout problem in a bargaining...

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