e. Suppose that, instead of prohibiting all economic activity on your 1,000 acres, the government reduces your
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e. Suppose that, instead of prohibiting all economic activity on your 1,000 acres, the government reduces your ability to build residential housing on it to a single house. How does your answer change? What if it restricts housing development to 500 acres? Do you think this would be a
“taking”?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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